Azul (NYSE:AZUL) Shares Shorted: Short Interest Up 185.2% in October

Key Points

• Azul’s short interest surged 185.2% in October to 167,975 shares, representing 0.1% of shares outstanding and a short-interest ratio of 1.2 days.
• Analyst sentiment is mixed but centers on a “Hold” consensus, with two Buy, two Hold, and one Sell rating and an average price target of $13.03.
• Azul shares recently traded at $3.84, near their 12-month low of $3.35 and well below the 50-day moving average of $6.80.

Azul (NYSE:AZUL - Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 167,975 shares, an increase of 185.2% from the September 30th total of 58,894 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily volume of 136,194 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

AZUL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Azul in a research note on Wednesday, September 9th. They set a "buy" rating and a $11.00 price target on the stock. Weiss Ratings cut Azul from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday. Zacks Research raised Azul from a "strong sell" rating to a "hold" rating in a research report on Friday, October 16th. The Goldman Sachs Group began coverage on shares of Azul in a report on Monday, October 19th. They issued a "neutral" rating and a $8.10 price target for the company. Finally, Wall Street Zen raised Azul from a "sell" rating to a "hold" rating in a report on Saturday, October 24th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Azul presently has a consensus rating of "Hold" and a consensus target price of $13.03.

Azul Stock Performance

Shares of NYSE AZUL traded up $0.07 during trading on Thursday, reaching $3.84. 636,771 shares of the company traded hands, compared to its average volume of 187,952. The company has a fifty day moving average price of $6.80. Azul has a 12-month low of $3.35 and a 12-month high of $495.00.

Azul Company Profile

Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.

Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.

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