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

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. HSBC lowered shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective on the stock. in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft cut their price target on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Hsbc Global Res upgraded Azul to a “hold” rating in a research note on Thursday, September 5th. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group lowered shares of Azul from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.59.

Institutional Trading of Azul

A number of hedge funds and other institutional investors have recently made changes to their positions in AZUL. Long Focus Capital Management LLC increased its stake in shares of Azul by 106.3% during the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after acquiring an additional 2,295,000 shares during the period. Marshall Wace LLP boosted its stake in Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after purchasing an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda increased its position in shares of Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after purchasing an additional 290,465 shares during the period. XTX Topco Ltd bought a new stake in shares of Azul in the 3rd quarter worth $614,000. Finally, Centiva Capital LP lifted its holdings in shares of Azul by 205.3% in the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after buying an additional 135,365 shares during the period. 0.82% of the stock is currently owned by institutional investors.

Azul Stock Down 10.0 %

Shares of NYSE AZUL opened at $2.35 on Monday. The firm’s 50-day simple moving average is $2.93 and its 200 day simple moving average is $3.83. The stock has a market cap of $990.69 million, a P/E ratio of -0.33 and a beta of 1.99. Azul has a fifty-two week low of $2.02 and a fifty-two week high of $10.62.

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.