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

Azul S.A. (NYSE:AZUL) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 7,280,000 shares, an increase of 5.5% from the January 15th total of 6,900,000 shares. Based on an average daily volume of 1,500,000 shares, the short-interest ratio is presently 4.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Trellis Wealth Advisors LLC bought a new position in shares of Azul in the fourth quarter worth approximately $32,000. Creative Planning bought a new stake in shares of Azul in the 3rd quarter worth $35,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Azul in the fourth quarter worth $42,000. Ground Swell Capital LLC bought a new position in Azul during the 3rd quarter valued at about $44,000. Finally, Two Sigma Securities LLC grew its position in Azul by 44.6% in the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock worth $49,000 after purchasing an additional 9,038 shares during the period. 0.82% of the stock is currently owned by institutional investors.

Azul Trading Up 3.4 %

Shares of AZUL stock traded up $0.07 during trading hours on Monday, reaching $1.99. The company’s stock had a trading volume of 635,853 shares, compared to its average volume of 1,260,589. Azul has a one year low of $1.57 and a one year high of $8.73. The stock has a market capitalization of $836.82 million, a P/E ratio of -0.28 and a beta of 2.00. The firm’s fifty day simple moving average is $2.02 and its 200 day simple moving average is $2.72.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AZUL shares. The Goldman Sachs Group lowered their price target on shares of Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Raymond James cut their target price on Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Finally, Seaport Res Ptn upgraded shares of Azul from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.40.

About Azul

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.