Azul SA (AZUL) Short Interest Up 57.5% in January

Azul SA (NYSE:AZUL) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 844,427 shares, an increase of 57.5% from the January 12th total of 536,291 shares. Based on an average daily volume of 482,107 shares, the short-interest ratio is currently 1.8 days.

A number of hedge funds have recently added to or reduced their stakes in AZUL. Standard Life Aberdeen plc purchased a new stake in Azul in the 4th quarter worth approximately $28,581,000. ThornTree Capital Partners LP purchased a new stake in Azul in the 3rd quarter worth approximately $13,094,000. BlackRock Inc. grew its stake in Azul by 6.9% in the 4th quarter. BlackRock Inc. now owns 7,088,326 shares of the company’s stock worth $168,915,000 after acquiring an additional 454,838 shares during the period. Acadian Asset Management LLC purchased a new stake in Azul in the 4th quarter worth approximately $6,971,000. Finally, Renaissance Technologies LLC grew its stake in Azul by 140.1% in the 4th quarter. Renaissance Technologies LLC now owns 310,200 shares of the company’s stock worth $7,392,000 after acquiring an additional 181,000 shares during the period. 4.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Azul (NYSE:AZUL) opened at $27.60 on Thursday. The company has a market cap of $2,890.00 and a P/E ratio of 184.00. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.75. Azul has a 12 month low of $19.43 and a 12 month high of $30.25.

Several research firms have commented on AZUL. Bank of America began coverage on shares of Azul in a research note on Thursday, January 11th. They issued a “buy” rating and a $24.78 target price for the company. Zacks Investment Research cut shares of Azul from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, BidaskClub cut shares of Azul from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $30.56.

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Azul Company Profile

Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.

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