Short Interest in Azul (NYSE:AZUL) Rises By 125.6%

Azul (NYSE:AZUL) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 78,731 shares, an increase of 125.6% from the August 15th total of 34,906 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 148,945 shares, the short-interest ratio is presently 0.5 days.

Azul Stock Performance

Shares of AZUL opened at $6.52 on Wednesday. The stock’s 50-day moving average is $8.02. Azul has a fifty-two week low of $3.90 and a fifty-two week high of $495.00.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AZUL shares. Wall Street Zen lowered Azul from a “hold” rating to a “sell” rating in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft began coverage on Azul in a research note on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price target for the company. Zacks Research upgraded shares of Azul to a “strong sell” rating in a report on Wednesday, July 22nd. BWS Financial reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Azul in a research report on Monday, August 17th. Finally, Weiss Ratings began coverage on shares of Azul in a research report on Friday, July 10th. They set a “sell (d)” rating on the stock. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.50.

About Azul

Azul SA is a Brazilian airline that provides scheduled passenger air transportation and related services. Founded in 2008 by entrepreneur David Neeleman, the company was established to expand air connectivity in Brazil, including service to cities that have historically had limited access to commercial aviation.

Azul operates domestic flights throughout Brazil and serves selected international destinations in North and South America and Europe. Its operations include passenger travel, air cargo through Azul Cargo Express, and vacation and travel packages offered through Azul Viagens.