Azul S.A. (NYSE:AZUL) Short Interest Down 13.9% in May

Azul S.A. (NYSE:AZULGet Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 4,540,000 shares, a decline of 13.9% from the April 30th total of 5,270,000 shares. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is currently 2.6 days.

Analyst Ratings Changes

AZUL has been the topic of a number of research analyst reports. Raymond James reissued an “outperform” rating and issued a $12.00 price target (down from $13.00) on shares of Azul in a report on Monday, April 15th. Bank of America reaffirmed an “underperform” rating and set a $9.50 price objective (down from $18.00) on shares of Azul in a report on Thursday, April 18th. Morgan Stanley started coverage on Azul in a report on Friday, May 24th. They set an “equal weight” rating and a $7.40 price objective on the stock. Finally, Barclays decreased their price objective on Azul from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.12.

Read Our Latest Research Report on Azul

Hedge Funds Weigh In On Azul

Hedge funds have recently bought and sold shares of the business. Inspire Advisors LLC grew its position in shares of Azul by 19.4% during the 1st quarter. Inspire Advisors LLC now owns 18,699 shares of the company’s stock worth $145,000 after buying an additional 3,042 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in Azul by 16.0% during the first quarter. Coronation Fund Managers Ltd. now owns 24,961 shares of the company’s stock valued at $194,000 after purchasing an additional 3,450 shares in the last quarter. AXQ Capital LP bought a new stake in Azul during the third quarter valued at about $205,000. Aigen Investment Management LP bought a new stake in Azul during the fourth quarter valued at about $214,000. Finally, Quantbot Technologies LP boosted its position in Azul by 310.0% during the first quarter. Quantbot Technologies LP now owns 31,813 shares of the company’s stock valued at $247,000 after purchasing an additional 24,054 shares in the last quarter. Institutional investors own 0.82% of the company’s stock.

Azul Stock Performance

NYSE:AZUL opened at $5.45 on Monday. The stock’s fifty day moving average is $6.49 and its 200 day moving average is $7.93. Azul has a fifty-two week low of $5.16 and a fifty-two week high of $13.86. The firm has a market capitalization of $2.30 billion, a PE ratio of -2.23 and a beta of 1.94.

Azul (NYSE:AZULGet Free Report) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.25). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Equities analysts forecast that Azul will post -0.93 EPS for the current year.

Azul Company Profile

(Get Free Report)

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.

Further Reading

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