Azul (NYSE:AZUL) Sees Significant Growth in Short Interest

Azul (NYSE:AZUL) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 118,193 shares, a growth of 411.8% from the July 15th total of 23,093 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 98,865 shares, the days-to-cover ratio is presently 1.2 days.

Azul Stock Performance

NYSE AZUL traded down $0.31 on Friday, reaching $8.16. 8,304 shares of the stock were exchanged, compared to its average volume of 154,797. Azul has a one year low of $3.90 and a one year high of $495.00.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AZUL. BWS Financial restated a “buy” rating and issued a $20.00 price objective on shares of Azul in a research note on Friday, July 10th. Zacks Research upgraded Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings began coverage on Azul in a report on Friday, July 10th. They set a “sell (d)” rating for the company. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $20.00.

About Azul

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.