Azul S.A. (NYSE:AZUL) Short Interest Up 11.8% in November

Azul S.A. (NYSE:AZUL - Get Free Report) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 8,130,000 shares, a growth of 11.8% from the October 31st total of 7,270,000 shares. Based on an average daily volume of 2,670,000 shares, the days-to-cover ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays reduced their price objective on Azul from $10.00 to $4.50 and set an "equal weight" rating for the company in a research report on Monday, August 19th. HSBC cut Azul from a "buy" rating to a "hold" rating and set a $2.70 price target for the company. in a research note on Thursday, September 5th. Hsbc Global Res upgraded shares of Azul to a "hold" rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Azul from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Finally, Seaport Res Ptn downgraded shares of Azul from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $6.59.

Azul Stock Performance

Shares of NYSE:AZUL traded down $0.07 during trading hours on Monday, hitting $2.28. 2,120,671 shares of the company's stock traded hands, compared to its average volume of 1,957,285. The company's fifty day simple moving average is $2.93 and its two-hundred day simple moving average is $3.81. The company has a market cap of $961.18 million, a price-to-earnings ratio of -0.33 and a beta of 1.99. Azul has a 52 week low of $2.02 and a 52 week high of $10.62.

Institutional Trading of Azul

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

About Azul

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.