Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Sees Significant Increase in Short Interest

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,910,000 shares, a growth of 26.5% from the October 31st total of 1,510,000 shares. Based on an average trading volume of 824,200 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.0% of the company’s shares are sold short.

Controladora Vuela Compañía de Aviación Stock Up 0.4 %

NYSE VLRS traded up $0.03 during trading on Friday, hitting $7.70. The company’s stock had a trading volume of 539,475 shares, compared to its average volume of 637,835. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.67. The company has a market cap of $897.80 million, a PE ratio of 4.64 and a beta of 2.43. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The business’s 50 day simple moving average is $7.12 and its 200-day simple moving average is $6.72.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The business had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. During the same quarter in the prior year, the business posted ($0.33) EPS. On average, equities analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VLRS. Barclays reiterated an “overweight” rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. TD Cowen raised their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $12.85.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors have recently bought and sold shares of VLRS. Insigneo Advisory Services LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter valued at about $64,000. Aigen Investment Management LP acquired a new stake in Controladora Vuela Compañía de Aviación during the third quarter worth about $92,000. MQS Management LLC purchased a new position in Controladora Vuela Compañía de Aviación during the third quarter valued at approximately $108,000. Quadrature Capital Ltd acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter valued at approximately $130,000. Finally, Inspire Advisors LLC boosted its position in Controladora Vuela Compañía de Aviación by 25.4% in the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after purchasing an additional 4,856 shares in the last quarter. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.