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

Azul (NYSE:AZUL) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 167,975 shares, an increase of 185.2% from the September 30th total of 58,894 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 136,194 shares, the days-to-cover ratio is currently 1.2 days.

Azul Stock Performance

Azul stock traded up $0.07 during mid-day trading on Thursday, hitting $3.84. The company’s stock had a trading volume of 636,771 shares, compared to its average volume of 187,952. The business has a fifty day moving average price of $6.80. Azul has a 1 year low of $3.35 and a 1 year high of $495.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AZUL shares. Weiss Ratings lowered shares of Azul from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. Wall Street Zen raised shares of Azul from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Zacks Research raised shares of Azul from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price objective on the stock. Finally, BWS Financial reissued a “buy” rating and set a $20.00 target price on shares of Azul in a report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.03.

Azul Company Profile

Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.

Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.