Short Interest in Embraer S.A. (NYSE:ERJ) Rises By 29.7%

Embraer S.A. (NYSE:ERJ) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 6,020,000 shares, a growth of 29.7% from the October 31st total of 4,640,000 shares. Based on an average trading volume of 1,430,000 shares, the days-to-cover ratio is currently 4.2 days. Approximately 3.3% of the shares of the stock are sold short.

Embraer Stock Up 0.1 %

ERJ stock opened at $38.23 on Monday. Embraer has a one year low of $16.72 and a one year high of $40.34. The firm has a market cap of $7.02 billion, a PE ratio of 14.06 and a beta of 1.70. The firm’s 50 day moving average price is $35.73 and its 200-day moving average price is $32.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Analyst Upgrades and Downgrades

ERJ has been the subject of a number of recent research reports. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and increased their price objective for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. Bank of America increased their price target on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.43.

Institutional Investors Weigh In On Embraer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in shares of Embraer by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock worth $59,450,000 after purchasing an additional 137,695 shares during the period. Renaissance Technologies LLC boosted its stake in Embraer by 13.6% during the second quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock worth $42,539,000 after buying an additional 197,600 shares during the period. Driehaus Capital Management LLC increased its position in shares of Embraer by 102.5% during the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after acquiring an additional 728,592 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after acquiring an additional 672,644 shares during the period. Finally, Itau Unibanco Holding S.A. raised its stake in shares of Embraer by 54.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after acquiring an additional 393,696 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.