Azul S.A. (NYSE:AZUL) Short Interest Update

Azul S.A. (NYSE:AZUL) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 7,090,000 shares, a drop of 12.8% from the November 15th total of 8,130,000 shares. Based on an average trading volume of 2,130,000 shares, the days-to-cover ratio is currently 3.3 days.

Azul Stock Up 2.1 %

NYSE:AZUL traded up $0.04 during mid-day trading on Tuesday, reaching $1.99. 791,383 shares of the stock were exchanged, compared to its average volume of 1,934,632. The company has a 50 day simple moving average of $2.72 and a 200-day simple moving average of $3.53. The stock has a market capitalization of $838.93 million, a P/E ratio of -0.28 and a beta of 1.92. Azul has a 1 year low of $1.90 and a 1 year high of $10.37.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AZUL shares. Barclays lowered their target price on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a report on Monday, August 19th. The Goldman Sachs Group lowered Azul from a “buy” rating to a “neutral” rating and reduced their price target for the company from $6.70 to $4.00 in a research report on Monday, September 23rd. HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research report on Thursday, September 5th. Hsbc Global Res raised Azul to a “hold” rating in a research report on Thursday, September 5th. Finally, Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.59.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Azul by 35.9% in the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after purchasing an additional 2,812 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of Azul by 20.1% in the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after purchasing an additional 3,764 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after buying an additional 575,344 shares in the last quarter. Long Focus Capital Management LLC boosted its stake in shares of Azul by 106.3% in the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after buying an additional 2,295,000 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda boosted its stake in shares of Azul by 13,831.7% in the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after buying an additional 290,465 shares in the last quarter. Hedge funds and other institutional investors own 0.82% of the company’s stock.

Azul Company Profile

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.