Azul S.A. (NYSE:AZUL) Short Interest Down 5.7% in October

Azul S.A. (NYSE:AZUL) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 7,270,000 shares, a decrease of 5.7% from the October 15th total of 7,710,000 shares. Based on an average trading volume of 2,720,000 shares, the days-to-cover ratio is presently 2.7 days.

Azul Trading Down 4.5 %

Shares of AZUL opened at $2.55 on Tuesday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -0.36 and a beta of 1.99. The firm’s fifty day simple moving average is $2.96 and its 200-day simple moving average is $4.05. Azul has a twelve month low of $2.02 and a twelve month high of $11.11.

Analyst Ratings Changes

A number of brokerages recently commented on AZUL. HSBC cut Azul from a “buy” rating to a “hold” rating and set a $2.70 target price for the company. in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Hsbc Global Res upgraded shares of Azul to a “hold” rating in a research note on Thursday, September 5th. The Goldman Sachs Group lowered Azul from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. Finally, Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Azul has a consensus rating of “Hold” and a consensus target price of $6.59.

Institutional Trading of Azul

Hedge funds and other institutional investors have recently bought and sold shares of the business. SPX Gestao de Recursos Ltda boosted its position in shares of Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock worth $1,170,000 after acquiring an additional 290,465 shares in the last quarter. Long Focus Capital Management LLC boosted its holdings in Azul by 106.3% in the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after purchasing an additional 2,295,000 shares in the last quarter. Marshall Wace LLP boosted its holdings in Azul by 2,466.5% in the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after purchasing an additional 575,344 shares in the last quarter. Perpetual Ltd increased its stake in Azul by 4.5% in the third quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock valued at $8,101,000 after purchasing an additional 100,639 shares during the last quarter. Finally, Creative Planning acquired a new stake in Azul during the third quarter worth approximately $35,000. 0.82% of the stock is currently owned by institutional investors and hedge funds.

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.