Short Interest in Azul S.A. (NYSE:AZUL) Decreases By 5.7%

Azul S.A. (NYSE:AZUL - Get Free Report) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 7,270,000 shares, a drop of 5.7% from the October 15th total of 7,710,000 shares. Based on an average trading volume of 2,720,000 shares, the short-interest ratio is currently 2.7 days.

Analysts Set New Price Targets

AZUL has been the topic of several research analyst reports. Seaport Res Ptn lowered Azul from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. HSBC downgraded Azul from a "buy" rating to a "hold" rating and set a $2.70 price target on the stock. in a research note on Thursday, September 5th. The Goldman Sachs Group downgraded Azul from a "buy" rating to a "neutral" rating and decreased their price target for the company from $6.70 to $4.00 in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on Azul from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Finally, Hsbc Global Res upgraded Azul to a "hold" rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Azul has an average rating of "Hold" and an average price target of $6.59.

Institutional Investors Weigh In On Azul

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Coronation Fund Managers Ltd. grew its holdings in shares of Azul by 9.5% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company's stock worth $109,000 after purchasing an additional 2,380 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Azul by 35.9% during the 2nd quarter. Signaturefd LLC now owns 10,649 shares of the company's stock worth $43,000 after buying an additional 2,812 shares in the last quarter. Inspire Advisors LLC lifted its holdings in shares of Azul by 20.1% in the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company's stock worth $90,000 after purchasing an additional 3,764 shares in the last quarter. Marshall Wace LLP raised its position in Azul by 2,466.5% in the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company's stock valued at $2,395,000 after buying an additional 575,344 shares during the last quarter. Finally, Long Focus Capital Management LLC raised its position in Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company's stock valued at $17,816,000 after buying an additional 2,295,000 shares during the last quarter. Institutional investors own 0.82% of the company's stock.

Azul Trading Down 4.1 %

Shares of Azul stock traded down $0.11 on Monday, reaching $2.56. 2,482,629 shares of the company were exchanged, compared to its average volume of 1,965,616. Azul has a one year low of $2.02 and a one year high of $11.11. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -0.37 and a beta of 1.99. The company has a 50-day moving average of $2.96 and a 200 day moving average of $4.08.

Azul Company Profile

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.