Short Interest in Azul S.A. (NYSE:AZUL) Rises By 11.8%

Azul S.A. (NYSE:AZUL) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,130,000 shares, a growth of 11.8% from the October 31st total of 7,270,000 shares. Based on an average trading volume of 2,670,000 shares, the days-to-cover ratio is presently 3.0 days.

Wall Street Analysts Forecast Growth

AZUL has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Azul from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Barclays lowered their price objective on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research note on Monday, August 19th. HSBC downgraded Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a research note on Thursday, September 5th. The Goldman Sachs Group downgraded Azul from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $6.70 to $4.00 in a research note on Monday, September 23rd. Finally, Hsbc Global Res raised Azul to a “hold” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Azul presently has an average rating of “Hold” and a consensus price target of $6.59.

Hedge Funds Weigh In On Azul

Several large investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in shares of Azul during the 3rd quarter worth $614,000. Jane Street Group LLC raised its stake in shares of Azul by 58.9% during the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after purchasing an additional 75,291 shares during the period. Centiva Capital LP raised its stake in shares of Azul by 205.3% during the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after purchasing an additional 135,365 shares during the period. Ground Swell Capital LLC purchased a new stake in Azul in the 3rd quarter worth about $44,000. Finally, Inspire Advisors LLC increased its holdings in Azul by 84.0% in the 3rd quarter. Inspire Advisors LLC now owns 41,324 shares of the company’s stock worth $142,000 after acquiring an additional 18,861 shares during the last quarter. 0.82% of the stock is currently owned by institutional investors.

Azul Price Performance

NYSE:AZUL traded up $0.04 during trading hours on Tuesday, hitting $2.32. 1,161,329 shares of the company traded hands, compared to its average volume of 1,953,912. The firm’s 50-day simple moving average is $2.92 and its 200-day simple moving average is $3.78. Azul has a one year low of $2.02 and a one year high of $10.62.

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.