Embraer S.A. (NYSE:ERJ) Short Interest Update

Embraer S.A. (NYSE:ERJ) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 6,020,000 shares, an increase of 29.7% from the October 31st total of 4,640,000 shares. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is presently 4.2 days. Currently, 3.3% of the shares of the company are sold short.

Embraer Price Performance

Shares of NYSE ERJ traded up $0.22 during midday trading on Monday, hitting $38.45. The stock had a trading volume of 61,831 shares, compared to its average volume of 1,594,851. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The stock has a 50 day simple moving average of $35.73 and a 200-day simple moving average of $32.18. The company has a market capitalization of $7.06 billion, a PE ratio of 14.06 and a beta of 1.70. Embraer has a 1 year low of $16.88 and a 1 year high of $40.34.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. Finally, UBS Group cut Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its holdings in shares of Embraer by 1.2% in the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after purchasing an additional 310 shares during the last quarter. Angeles Investment Advisors LLC increased its stake in shares of Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after acquiring an additional 338 shares during the last quarter. LVW Advisors LLC raised its holdings in shares of Embraer by 3.4% during the 3rd quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock worth $365,000 after acquiring an additional 340 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of Embraer by 0.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after acquiring an additional 385 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock worth $573,000 after purchasing an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.