Azul S.A. (NYSE:AZUL) Short Interest Up 5.7% in March

Azul S.A. (NYSE:AZUL) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,690,000 shares, a growth of 5.7% from the March 15th total of 3,490,000 shares. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is currently 2.7 days.

Hedge Funds Weigh In On Azul

Several institutional investors have recently modified their holdings of AZUL. Advisor Group Holdings Inc. lifted its stake in Azul by 83.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,630 shares of the company’s stock valued at $151,000 after purchasing an additional 1,200 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Azul during the first quarter worth $3,449,000. Citigroup Inc. lifted its position in shares of Azul by 10.9% during the first quarter. Citigroup Inc. now owns 58,836 shares of the company’s stock worth $885,000 after acquiring an additional 5,761 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of Azul by 74.0% during the first quarter. Penserra Capital Management LLC now owns 8,827 shares of the company’s stock worth $132,000 after acquiring an additional 3,753 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Azul by 52.9% during the first quarter. Northern Trust Corp now owns 52,989 shares of the company’s stock worth $798,000 after acquiring an additional 18,329 shares in the last quarter. 0.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AZUL. Raymond James reiterated an “outperform” rating and set a $12.00 target price (down previously from $13.00) on shares of Azul in a report on Monday. Barclays dropped their target price on Azul from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Azul currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.56.

Azul Stock Up 0.2 %

AZUL stock opened at $6.05 on Thursday. The firm has a market cap of $2.55 billion, a PE ratio of -6.51 and a beta of 1.85. The business has a 50 day moving average of $7.53 and a 200-day moving average of $8.42. Azul has a 12-month low of $5.66 and a 12-month high of $13.86.

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.