Azul (NYSE:AZUL) Sees Significant Increase in Short Interest

Azul (NYSE:AZUL) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 166,582 shares, a growth of 111.6% from the August 31st total of 78,731 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 53,469 shares, the days-to-cover ratio is presently 3.1 days.

Azul Trading Down 0.4%

NYSE:AZUL opened at $6.84 on Wednesday. The company has a 50 day moving average of $7.62. Azul has a 12-month low of $3.90 and a 12-month high of $495.00.

Analysts Set New Price Targets

AZUL has been the topic of a number of recent research reports. Wall Street Zen cut shares of Azul from a “hold” rating to a “sell” rating in a report on Tuesday, September 8th. Zacks Research upgraded shares of Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Azul in a research report on Wednesday, September 9th. They set a “buy” rating and a $11.00 price objective on the stock. BWS Financial restated a “buy” rating and issued a $20.00 price objective on shares of Azul in a research note on Monday, September 21st. Finally, Weiss Ratings assumed coverage on shares of Azul in a report on Friday, July 10th. They issued a “sell (d)” rating for the company. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.50.

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.