Azul (NYSE:AZUL) Short Interest Update

Azul (NYSE:AZUL) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 34,906 shares, a drop of 70.5% from the July 30th total of 118,193 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 450,651 shares, the days-to-cover ratio is currently 0.1 days.

Azul Trading Down 1.6%

NYSE AZUL traded down $0.12 on Friday, reaching $7.40. The company had a trading volume of 43,401 shares, compared to its average volume of 324,086. Azul has a 52 week low of $3.90 and a 52 week high of $495.00.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings initiated coverage on shares of Azul in a research note on Friday, July 10th. They set a “sell (d)” rating for the company. Zacks Research raised shares of Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. Finally, BWS Financial reaffirmed a “buy” rating and set a $20.00 target price on shares of Azul in a report on Monday, August 17th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Azul currently has a consensus rating of “Reduce” and a consensus target price of $20.00.

About Azul

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.