Azul (NYSE:AZUL) Stock Short Interest Falls 64.6%

Azul (NYSE:AZUL) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 58,894 shares, a decrease of 64.6% from the September 15th total of 166,582 shares. Based on an average daily volume of 386,116 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AZUL shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Azul in a report on Tuesday, October 6th. BWS Financial reiterated a “buy” rating and set a $20.00 price objective on shares of Azul in a research note on Monday, September 21st. Zacks Research raised shares of Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Azul in a research report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Wall Street Zen downgraded Azul from a “hold” rating to a “sell” rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.50.

Azul Stock Performance

Shares of AZUL stock traded down $0.01 during mid-day trading on Monday, reaching $7.17. The stock had a trading volume of 5,602 shares, compared to its average volume of 167,934. Azul has a 1-year low of $3.90 and a 1-year high of $495.00. The business has a fifty day moving average of $7.43.

About Azul

Azul SA is a Brazilian airline that provides scheduled passenger air transportation on domestic and international routes. The company serves cities throughout Brazil and connects the country with destinations in South America, the United States, Europe and other international markets.

Azul operates a diversified fleet designed for both regional and mainline service. In addition to passenger flights, its businesses include air cargo transportation through Azul Cargo Express, travel packages and related services through Azul Viagens, and a customer loyalty program known as Azul Fidelidade.

Founded in 2008 by aviation entrepreneur David Neeleman, Azul has focused on expanding air connectivity in Brazil, including service to locations with limited access to other forms of commercial air transportation.