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

Azul S.A. (NYSE:AZUL - Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 7,090,000 shares, a drop of 12.8% from the November 15th total of 8,130,000 shares. Based on an average daily trading volume, of 2,130,000 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Investors Weigh In On Azul

Institutional investors have recently bought and sold shares of the company. Creative Planning bought a new stake in Azul during the 3rd quarter worth about $35,000. Signaturefd LLC raised its holdings in Azul by 35.9% during the second quarter. Signaturefd LLC now owns 10,649 shares of the company's stock worth $43,000 after acquiring an additional 2,812 shares in the last quarter. Ground Swell Capital LLC acquired a new position in Azul during the third quarter valued at approximately $44,000. Sanctuary Advisors LLC acquired a new position in Azul during the second quarter valued at approximately $51,000. Finally, Inspire Advisors LLC grew 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 in the last quarter. Institutional investors own 0.82% of the company's stock.

Analyst Upgrades and Downgrades

AZUL has been the subject of several research analyst reports. HSBC cut shares of Azul from a "buy" rating to a "hold" rating and set a $2.70 price objective for the company. in a research report on Thursday, September 5th. Seaport Res Ptn lowered Azul from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. Hsbc Global Res upgraded Azul to a "hold" rating in a report on Thursday, September 5th. The Goldman Sachs Group cut Azul from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $6.70 to $4.00 in a report on Monday, September 23rd. Finally, Barclays cut their target price on shares of Azul from $10.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $6.59.

Azul Price Performance

Shares of Azul stock traded down $0.05 on Friday, hitting $2.04. The company had a trading volume of 1,087,796 shares, compared to its average volume of 1,941,313. The stock has a 50-day moving average of $2.74 and a 200-day moving average of $3.56. Azul has a twelve month low of $2.02 and a twelve month high of $10.62. The firm has a market capitalization of $860.00 million, a P/E ratio of -0.29 and a beta of 1.92.

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.