Azul S.A. (NYSE:AZUL) Short Interest Update

Azul S.A. (NYSE:AZUL) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,620,000 shares, an increase of 25.2% from the March 31st total of 3,690,000 shares. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is presently 2.9 days.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AZUL shares. Barclays decreased their price target on Azul from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, April 1st. Bank of America reissued an “underperform” rating and issued a $9.50 price target (down from $18.00) on shares of Azul in a research note on Thursday, April 18th. Finally, Raymond James reissued an “outperform” rating and issued a $12.00 price target (down from $13.00) on shares of Azul in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Azul presently has a consensus rating of “Moderate Buy” and an average target price of $12.26.

Azul Trading Down 4.6 %

Shares of Azul stock traded down $0.27 during trading hours on Tuesday, reaching $5.60. The stock had a trading volume of 980,162 shares, compared to its average volume of 1,588,886. The firm has a 50 day simple moving average of $7.27 and a two-hundred day simple moving average of $8.32. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of -6.02 and a beta of 1.85. Azul has a 1 year low of $5.16 and a 1 year high of $13.86.

Azul (NYSE:AZUL) last announced its earnings results on Thursday, March 28th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.25). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Sell-side analysts forecast that Azul will post -0.75 EPS for the current year.

Institutional Investors Weigh In On Azul

Hedge funds have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. grew its stake in Azul by 66.7% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,000 shares of the company’s stock valued at $42,000 after purchasing an additional 2,000 shares in the last quarter. Privium Fund Management UK Ltd acquired a new stake in Azul during the 3rd quarter valued at approximately $341,000. Landscape Capital Management L.L.C. grew its stake in Azul by 151.3% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 146,654 shares of the company’s stock valued at $1,260,000 after purchasing an additional 88,286 shares in the last quarter. Van ECK Associates Corp grew its stake in Azul by 4.1% during the 3rd quarter. Van ECK Associates Corp now owns 76,731 shares of the company’s stock valued at $659,000 after purchasing an additional 3,005 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Azul during the 3rd quarter valued at approximately $4,712,000. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

Azul Company Profile

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.