Short Interest in Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Expands By 18.3%

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 4,080,000 shares, an increase of 18.3% from the April 30th total of 3,450,000 shares. Currently, 4.3% of the company's stock are sold short. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is currently 2.9 days.

Analyst Ratings Changes

Several equities research analysts have commented on VLRS shares. Itau BBA Securities lowered shares of Controladora Vuela Compañía de Aviación from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. Citigroup lowered their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. TD Cowen lowered their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley lowered shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price target on the stock. in a report on Tuesday, April 29th. Finally, Wall Street Zen lowered shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Controladora Vuela Compañía de Aviación currently has an average rating of "Moderate Buy" and a consensus target price of $7.27.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS stock traded up $0.08 during mid-day trading on Friday, hitting $4.87. 342,187 shares of the stock were exchanged, compared to its average volume of 884,607. The firm has a fifty day moving average of $4.46 and a 200 day moving average of $6.40. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a 52-week low of $3.49 and a 52-week high of $9.00. The company has a market cap of $567.25 million, a PE ratio of 2.93 and a beta of 2.15.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last posted its earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The business had revenue of $678.00 million for the quarter, compared to analyst estimates of $708.83 million. Research analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of Controladora Vuela Compañía de Aviación by 34.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after acquiring an additional 1,641 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Controladora Vuela Compañía de Aviación by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company's stock worth $373,000 after purchasing an additional 7,088 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth about $79,000. Sei Investments Co. acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth about $79,000. Finally, American Century Companies Inc. raised its position in shares of Controladora Vuela Compañía de Aviación by 4.1% during the 1st quarter. American Century Companies Inc. now owns 273,847 shares of the transportation company's stock worth $1,429,000 after purchasing an additional 10,706 shares during the last quarter. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.