Azul (NYSE:AZUL) Short Interest Up 125.6% in August

Azul (NYSE:AZUL) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 78,731 shares, an increase of 125.6% from the August 15th total of 34,906 shares. Based on an average daily volume of 148,945 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AZUL. Zacks Research upgraded Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Weiss Ratings began coverage on Azul in a research report on Friday, July 10th. They set a “sell (d)” rating for the company. BWS Financial reiterated a “buy” rating and set a $20.00 price target on shares of Azul in a report on Monday, August 17th. Wall Street Zen lowered shares of Azul from a “hold” rating to a “sell” rating in a research report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Azul in a research note on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.50.

Azul Trading Down 1.3%

Shares of AZUL traded down $0.09 during mid-day trading on Monday, reaching $6.76. The company had a trading volume of 3,843 shares, compared to its average volume of 144,252. Azul has a twelve month low of $3.90 and a twelve month high of $495.00. The stock’s 50-day moving average price is $8.08.

Azul Company Profile

Azul SA is a Brazilian airline that provides scheduled passenger air transportation and related services. Founded in 2008 by entrepreneur David Neeleman, the company was established to expand air connectivity in Brazil, including service to cities that have historically had limited access to commercial aviation.

Azul operates domestic flights throughout Brazil and serves selected international destinations in North and South America and Europe. Its operations include passenger travel, air cargo through Azul Cargo Express, and vacation and travel packages offered through Azul Viagens.