Azul (NYSE:AZUL) Stock Short Interest Falls 64.6%
by Michael Walen · The Markets DailyAzul (NYSE:AZUL – Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 58,894 shares, a drop of 64.6% from the September 15th total of 166,582 shares. Based on an average daily trading volume, of 386,116 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.
Wall Street Analyst Weigh In
AZUL has been the subject of several recent analyst reports. Zacks Research upgraded shares of Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. Wall Street Zen cut shares of Azul from a “hold” rating to a “sell” rating in a research report on Tuesday, September 8th. Weiss Ratings restated a “sell (d)” rating on shares of Azul in a research note on Tuesday, October 6th. BWS Financial reaffirmed a “buy” rating and issued a $20.00 price target on shares of Azul in a report on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price target on the stock. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.50.
Get Our Latest Stock Analysis on Azul
Azul Price Performance
NYSE:AZUL traded down $0.01 during mid-day trading on Monday, hitting $7.17. 5,602 shares of the company’s stock traded hands, compared to its average volume of 167,934. The stock has a fifty day moving average of $7.43. Azul has a twelve month low of $3.90 and a twelve month high of $495.00.
About Azul
Azul SA is a Brazilian airline that provides scheduled passenger air transportation on domestic and international routes. The company serves cities throughout Brazil and connects the country with destinations in South America, the United States, Europe and other international markets.
Azul operates a diversified fleet designed for both regional and mainline service. In addition to passenger flights, its businesses include air cargo transportation through Azul Cargo Express, travel packages and related services through Azul Viagens, and a customer loyalty program known as Azul Fidelidade.
Founded in 2008 by aviation entrepreneur David Neeleman, Azul has focused on expanding air connectivity in Brazil, including service to locations with limited access to other forms of commercial air transportation.