Azul (NYSE:AZUL) Stock Short Interest Report for September

Azul (NYSE:AZUL) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 58,894 shares, a drop of 64.6% from the September 15th total of 166,582 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 386,116 shares, the short-interest ratio is presently 0.2 days.

Azul Price Performance

NYSE AZUL traded down $0.02 during trading hours on Tuesday, hitting $7.10. 78,945 shares of the company were exchanged, compared to its average volume of 167,155. Azul has a 52 week low of $3.90 and a 52 week high of $495.00. The stock has a 50-day moving average price of $7.36.

Analyst Upgrades and Downgrades

AZUL has been the subject of several research analyst reports. Zacks Research raised shares of Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. Wall Street Zen lowered Azul from a “hold” rating to a “sell” rating in a research report on Tuesday, September 8th. BWS Financial restated a “buy” rating and set a $20.00 price objective on shares of Azul in a research report on Monday, September 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Azul in a report on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Azul in a research report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.50.

Azul Company Profile

Azul SA is a Brazilian airline that provides scheduled passenger air transportation on domestic and international routes. The company serves cities throughout Brazil and connects the country with destinations in South America, the United States, Europe and other international markets.

Azul operates a diversified fleet designed for both regional and mainline service. In addition to passenger flights, its businesses include air cargo transportation through Azul Cargo Express, travel packages and related services through Azul Viagens, and a customer loyalty program known as Azul Fidelidade.

Founded in 2008 by aviation entrepreneur David Neeleman, Azul has focused on expanding air connectivity in Brazil, including service to locations with limited access to other forms of commercial air transportation.