Azul S.A. (NYSE:AZUL) Sees Large Growth in Short Interest

Azul S.A. (NYSE:AZUL) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 7,280,000 shares, an increase of 5.5% from the January 15th total of 6,900,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is presently 4.9 days.

Azul Stock Performance

Shares of AZUL stock opened at $1.99 on Tuesday. The company’s 50-day moving average is $2.02 and its 200 day moving average is $2.71. The company has a market capitalization of $836.82 million, a price-to-earnings ratio of -0.28 and a beta of 2.00. Azul has a one year low of $1.57 and a one year high of $8.73.

Institutional Trading of Azul

Institutional investors have recently made changes to their positions in the stock. Creative Planning purchased a new stake in shares of Azul during the 3rd quarter valued at about $35,000. Ground Swell Capital LLC purchased a new stake in shares of Azul during the 3rd quarter valued at about $44,000. Sanctuary Advisors LLC purchased a new stake in shares of Azul during the 2nd quarter valued at about $51,000. Trellis Wealth Advisors LLC purchased a new position in shares of Azul in the fourth quarter worth approximately $32,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Azul in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

AZUL has been the topic of several recent analyst reports. Seaport Res Ptn raised shares of Azul from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Raymond James cut their price objective on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their price objective on shares of Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Azul has a consensus rating of “Hold” and an average target price of $5.40.

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.