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

Azul S.A. (NYSE:AZUL) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 7,270,000 shares, a drop of 5.7% from the October 15th total of 7,710,000 shares. Based on an average daily volume of 2,720,000 shares, the short-interest ratio is currently 2.7 days.

Azul Trading Down 4.5 %

Shares of AZUL stock opened at $2.55 on Tuesday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -0.36 and a beta of 1.99. The firm has a 50-day moving average price of $2.96 and a 200 day moving average price of $4.05. Azul has a twelve month low of $2.02 and a twelve month high of $11.11.

Hedge Funds Weigh In On Azul

A number of institutional investors have recently modified their holdings of the company. Coronation Fund Managers Ltd. grew its stake in Azul by 9.5% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company’s stock worth $109,000 after acquiring an additional 2,380 shares during the period. Signaturefd LLC grew its position in shares of Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after purchasing an additional 2,812 shares during the period. Inspire Advisors LLC increased its stake in Azul by 20.1% in the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after purchasing an additional 3,764 shares during the last quarter. Marshall Wace LLP lifted its position in Azul by 2,466.5% during the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after buying an additional 575,344 shares during the period. Finally, Long Focus Capital Management LLC boosted its stake in Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock worth $17,816,000 after buying an additional 2,295,000 shares during the last quarter. Institutional investors and hedge funds own 0.82% of the company’s stock.

Analyst Ratings Changes

AZUL has been the topic of a number of research reports. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Barclays cut their price target on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a report on Monday, August 19th. The Goldman Sachs Group downgraded Azul from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, Hsbc Global Res raised Azul to a “hold” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Azul presently has an average rating of “Hold” and a consensus 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.