Azul S.A. (NYSE:AZUL) Sees Significant Decline in Short Interest

Azul S.A. (NYSE:AZUL) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 7,090,000 shares, a decrease of 12.8% from the November 15th total of 8,130,000 shares. Based on an average trading volume of 2,130,000 shares, the days-to-cover ratio is currently 3.3 days.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Azul to a “hold” rating in a research report on Thursday, September 5th. HSBC cut shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a research report on Thursday, September 5th. Barclays decreased their price objective on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group cut shares of Azul from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Azul has an average rating of “Hold” and an average target price of $6.59.

Institutional Investors Weigh In On Azul

A number of large investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in Azul in the third quarter worth $614,000. Jane Street Group LLC lifted its stake in shares of Azul by 58.9% in the third quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock valued at $699,000 after buying an additional 75,291 shares in the last quarter. Centiva Capital LP lifted its stake in shares of Azul by 205.3% in the third quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after buying an additional 135,365 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Azul in the third quarter valued at $44,000. Finally, Inspire Advisors LLC lifted its stake in shares of Azul by 84.0% in the third quarter. Inspire Advisors LLC now owns 41,324 shares of the company’s stock valued at $142,000 after buying an additional 18,861 shares in the last quarter. 0.82% of the stock is currently owned by institutional investors and hedge funds.

Azul Trading Down 2.4 %

NYSE:AZUL opened at $2.04 on Friday. The stock has a market capitalization of $860.00 million, a price-to-earnings ratio of -0.29 and a beta of 1.92. The firm has a fifty day simple moving average of $2.74 and a two-hundred day simple moving average of $3.57. Azul has a 12 month low of $2.02 and a 12 month high of $10.62.

Azul Company Profile

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.