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

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

Azul Trading Up 2.1 %

Shares of NYSE:AZUL traded up $0.04 on Tuesday, reaching $1.99. The company had a trading volume of 1,453,363 shares, compared to its average volume of 1,936,267. Azul has a 52-week low of $1.90 and a 52-week high of $10.37. The firm’s 50 day simple moving average is $2.72 and its 200-day simple moving average is $3.53. The firm has a market capitalization of $838.93 million, a PE ratio of -0.28 and a beta of 1.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning acquired a new stake in shares of Azul in the 3rd quarter worth $35,000. Signaturefd LLC boosted its position in shares of Azul by 35.9% in the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after purchasing an additional 2,812 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Azul in the 3rd quarter worth $44,000. Sanctuary Advisors LLC acquired a new stake in shares of Azul in the 2nd quarter worth $51,000. Finally, Inspire Advisors LLC boosted its position in shares of Azul by 20.1% in the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after purchasing an additional 3,764 shares in the last quarter. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.