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

Azul (NYSE:AZUL) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 58,894 shares, a decline of 64.6% from the September 15th total of 166,582 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 386,116 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Azul Stock Performance

Shares of NYSE AZUL traded down $0.20 during midday trading on Wednesday, reaching $6.86. 227,230 shares of the company traded hands, compared to its average volume of 270,554. Azul has a 12 month low of $3.90 and a 12 month high of $495.00. The business’s 50-day moving average price is $7.33.

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.