Azul (NYSE:AZUL) Shares Shorted: Short Interest Up 111.6% in September

Azul (NYSE:AZUL) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 166,582 shares, a growth of 111.6% from the August 31st total of 78,731 shares. Based on an average daily volume of 53,469 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AZUL shares. BWS Financial reissued a “buy” rating and set a $20.00 price objective on shares of Azul in a research report on Monday, September 21st. Wall Street Zen lowered shares of Azul from a “hold” rating to a “sell” rating in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Azul in a research report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price target on the stock. Weiss Ratings initiated coverage on Azul in a research report on Friday, July 10th. They set a “sell (d)” rating for the company. Finally, Zacks Research raised Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.50.

Azul Stock Performance

Azul stock traded down $0.03 during trading hours on Tuesday, hitting $6.84. The stock had a trading volume of 106,289 shares, compared to its average volume of 167,896. The stock has a 50-day simple moving average of $7.62. Azul has a 12-month low of $3.90 and a 12-month high of $495.00.

About Azul

Azul SA is a Brazilian airline that provides scheduled passenger air transportation and related services. Founded in 2008 by entrepreneur David Neeleman, the company was established to expand air connectivity in Brazil, including service to cities that have historically had limited access to commercial aviation.

Azul operates domestic flights throughout Brazil and serves selected international destinations in North and South America and Europe. Its operations include passenger travel, air cargo through Azul Cargo Express, and vacation and travel packages offered through Azul Viagens.