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

Azul S.A. (NYSE:AZUL - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,690,000 shares, a growth of 5.7% from the March 15th total of 3,490,000 shares. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is presently 2.7 days.

Institutional Trading of Azul

A number of institutional investors have recently bought and sold shares of AZUL. GSA Capital Partners LLP acquired a new position in shares of Azul in the 4th quarter valued at $706,000. Vident Advisory LLC grew its holdings in shares of Azul by 78.7% in the 4th quarter. Vident Advisory LLC now owns 23,385 shares of the company's stock valued at $227,000 after buying an additional 10,299 shares during the period. Weiss Multi Strategy Advisers LLC acquired a new position in shares of Azul in the 4th quarter valued at $1,744,000. Cubist Systematic Strategies LLC acquired a new position in shares of Azul in the 4th quarter valued at $2,308,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Azul by 92.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 555,739 shares of the company's stock valued at $5,385,000 after buying an additional 267,603 shares during the period. Institutional investors and hedge funds own 0.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays cut their target price on shares of Azul from $14.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, April 1st. Raymond James reiterated an "outperform" rating and issued a $12.00 target price (down previously from $13.00) on shares of Azul in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Azul presently has an average rating of "Moderate Buy" and an average target price of $12.56.

Azul Trading Down 3.6 %

Shares of Azul stock traded down $0.22 during midday trading on Tuesday, reaching $6.04. The company had a trading volume of 4,381,656 shares, compared to its average volume of 1,499,358. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -6.33 and a beta of 1.85. The stock has a fifty day simple moving average of $7.61 and a 200 day simple moving average of $8.45. Azul has a 1-year low of $5.66 and a 1-year high of $13.86.

About Azul

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.

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