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

Azul (NYSE:AZUL) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 118,193 shares, a growth of 411.8% from the July 15th total of 23,093 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 98,865 shares, the short-interest ratio is presently 1.2 days.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. BWS Financial reiterated a “buy” rating and set a $20.00 price target on shares of Azul in a report on Friday, July 10th. Weiss Ratings began coverage on shares of Azul in a report on Friday, July 10th. They issued a “sell (d)” rating for the company. Finally, Zacks Research raised Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Azul currently has an average rating of “Reduce” and an average target price of $20.00.

Azul Stock Up 0.1%

Shares of Azul stock traded up $0.01 during trading on Wednesday, hitting $8.36. 1,457 shares of the company’s stock traded hands, compared to its average volume of 113,874. Azul has a 1 year low of $3.90 and a 1 year high of $495.00.

Azul Company Profile

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.