Embraer S.A. (NYSE:ERJ) Sees Large Increase in Short Interest

Embraer S.A. (NYSE:ERJ) Sees Large Increase in Short Interest

Embraer S.A. (NYSE:ERJ - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,930,000 shares, a growth of 88.2% from the February 13th total of 2,620,000 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is currently 3.5 days.