Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Short Interest Update

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 229,300 shares, a decrease of 38.6% from the January 15th total of 373,500 shares. Based on an average daily volume of 636,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Controladora Vuela Compañía de Aviación Trading Up 0.3 %

Shares of VLRS stock opened at $7.70 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The stock has a fifty day simple moving average of $8.15 and a two-hundred day simple moving average of $7.16. The firm has a market capitalization of $897.82 million, a PE ratio of 4.64 and a beta of 2.45. Controladora Vuela Compañía de Aviación has a 52-week low of $5.15 and a 52-week high of $9.57.

Analyst Ratings Changes

Several brokerages recently issued reports on VLRS. Barclays restated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday. They set an “outperform” rating and a $12.00 price objective for the company. TD Cowen raised their target price on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. UBS Group lifted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, StockNews.com cut Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $13.14.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter valued at approximately $68,000. Prudential Financial Inc. purchased a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter valued at approximately $79,000. Sei Investments Co. bought a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $79,000. Aigen Investment Management LP bought a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter valued at approximately $92,000. Finally, MMA Asset Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth $112,000. Institutional investors own 53.32% of the company’s stock.

About Controladora Vuela Compañía de Aviación

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.