Azul (NYSE:AZUL) Sees Significant Growth in Short Interest

Azul (NYSE:AZUL) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 118,193 shares, a growth of 411.8% from the July 15th total of 23,093 shares. Based on an average daily trading volume, of 98,865 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the company are sold short.

Azul Stock Up 3.2%

Shares of NYSE AZUL traded up $0.27 on Thursday, reaching $8.56. 41,506 shares of the company traded hands, compared to its average volume of 157,016. Azul has a fifty-two week low of $3.90 and a fifty-two week high of $495.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings started coverage on Azul in a research note on Friday, July 10th. They set a “sell (d)” rating for the company. BWS Financial reissued a “buy” rating and issued a $20.00 price objective on shares of Azul in a research note on Friday, July 10th. Finally, Zacks Research upgraded shares of Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $20.00.

Azul Company Profile

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.