Short Interest in Embraer S.A. (NYSE:ERJ) Expands By 14.0%

Embraer S.A. (NYSE:ERJ) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 3,670,000 shares, a growth of 14.0% from the June 30th total of 3,220,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

ERJ has been the subject of several recent research reports. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. UBS Group boosted their target price on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.83.

Embraer Stock Performance

Shares of NYSE ERJ traded up $0.48 during trading on Wednesday, reaching $30.95. 1,032,093 shares of the company traded hands, compared to its average volume of 1,683,069. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.51. The firm has a 50 day simple moving average of $28.35 and a 200-day simple moving average of $24.67. Embraer has a 52-week low of $12.48 and a 52-week high of $31.39.

Embraer (NYSE:ERJ) last posted its earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The business had revenue of $896.60 million during the quarter, compared to the consensus estimate of $883.92 million. Embraer had a net margin of 4.84% and a return on equity of 5.35%. On average, analysts predict that Embraer will post 1.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital Wealth Planning LLC purchased a new position in shares of Embraer in the fourth quarter worth approximately $919,000. Ritholtz Wealth Management increased its stake in shares of Embraer by 21.7% in the 4th quarter. Ritholtz Wealth Management now owns 14,851 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 2,645 shares in the last quarter. Norden Group LLC bought a new stake in Embraer during the first quarter valued at about $607,000. BNP Paribas Financial Markets increased its position in Embraer by 40.2% in the fourth quarter. BNP Paribas Financial Markets now owns 147,185 shares of the aerospace company’s stock worth $2,716,000 after buying an additional 42,190 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Embraer by 8.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock worth $21,249,000 after buying an additional 59,084 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.