Azul (NYSE:AZUL) Short Interest Update

Azul (NYSE:AZUL) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 78,731 shares, an increase of 125.6% from the August 15th total of 34,906 shares. Based on an average trading volume of 148,945 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research upgraded shares of Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. Wall Street Zen cut Azul from a “hold” rating to a “sell” rating in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft began coverage on Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price objective for the company. BWS Financial restated a “buy” rating and set a $20.00 target price on shares of Azul in a report on Monday, August 17th. Finally, Weiss Ratings assumed coverage on Azul in a research report on Friday, July 10th. They set a “sell (d)” rating for the company. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.50.

Azul Stock Performance

AZUL traded down $0.09 during trading on Monday, reaching $6.76. The company had a trading volume of 3,843 shares, compared to its average volume of 144,252. Azul has a 12 month low of $3.90 and a 12 month high of $495.00. The company’s fifty day moving average price is $8.08.

Azul Company Profile

Azul SA is a Brazilian airline that provides scheduled passenger air transportation and related services. Founded in 2008 by entrepreneur David Neeleman, the company was established to expand air connectivity in Brazil, including service to cities that have historically had limited access to commercial aviation.

Azul operates domestic flights throughout Brazil and serves selected international destinations in North and South America and Europe. Its operations include passenger travel, air cargo through Azul Cargo Express, and vacation and travel packages offered through Azul Viagens.