Azul (NYSE:AZUL) Sees Significant Drop in Short Interest

Azul (NYSE:AZUL) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 34,906 shares, a decrease of 70.5% from the July 30th total of 118,193 shares. Based on an average daily volume of 450,651 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Azul Stock Performance

Shares of Azul stock traded down $0.06 during trading on Thursday, hitting $7.43. 60,924 shares of the company were exchanged, compared to its average volume of 154,440. Azul has a fifty-two week low of $3.90 and a fifty-two week high of $495.00.

Analyst Ratings Changes

AZUL has been the topic of a number of research reports. BWS Financial restated a “buy” rating and issued a $20.00 price target on shares of Azul in a report on Monday, August 17th. Zacks Research raised Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings began coverage on Azul in a report on Friday, July 10th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Azul has an average rating of “Reduce” and a consensus target price of $20.00.

Azul Company Profile

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.