Azul (NYSE:AZUL) Stock Short Interest Report for October

Azul (NYSE:AZUL) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 167,975 shares, an increase of 185.2% from the September 30th total of 58,894 shares. Based on an average daily volume of 136,194 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the company’s shares are sold short.

Analyst Ratings Changes

AZUL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price for the company. The Goldman Sachs Group began coverage on Azul in a research note on Monday, October 19th. They set a “neutral” rating and a $8.10 price objective for the company. Wall Street Zen raised shares of Azul from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Zacks Research raised shares of Azul from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. Finally, Weiss Ratings lowered shares of Azul from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Azul presently has a consensus rating of “Hold” and a consensus target price of $13.03.

Azul Price Performance

Shares of Azul stock traded up $0.13 during trading hours on Friday, hitting $3.99. 602,752 shares of the company’s stock traded hands, compared to its average volume of 192,999. The stock has a 50 day moving average of $6.72. Azul has a twelve month low of $3.35 and a twelve month high of $495.00.

About Azul

Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.

Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.