Suzano S.A. Sponsored ADR (NYSE:SUZ) Short Interest Update

Suzano S.A. Sponsored ADR (NYSE:SUZ) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 5,683,685 shares, a growth of 71.2% from the December 15th total of 3,319,692 shares. Based on an average daily volume of 2,473,360 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 2,473,360 shares, the days-to-cover ratio is presently 2.3 days.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SUZ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Zacks Research raised shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in Suzano by 71.7% during the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after purchasing an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after purchasing an additional 1,400 shares during the period. Virtu Financial LLC acquired a new position in shares of Suzano during the 3rd quarter valued at $94,000. Vident Advisory LLC bought a new stake in shares of Suzano in the 2nd quarter worth $97,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Suzano in the second quarter valued at $100,000. 2.55% of the stock is currently owned by institutional investors.

Suzano Stock Down 1.0%

Suzano stock traded down $0.10 during mid-day trading on Friday, hitting $9.64. 2,388,021 shares of the company’s stock traded hands, compared to its average volume of 1,833,021. Suzano has a one year low of $8.41 and a one year high of $10.86. The firm has a 50 day moving average price of $9.21 and a 200 day moving average price of $9.31. The company has a quick ratio of 2.52, a current ratio of 3.20 and a debt-to-equity ratio of 1.97.

Suzano (NYSE:SUZ) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.23 billion. Suzano had a net margin of 13.03% and a return on equity of 16.39%. Equities analysts predict that Suzano will post 1.93 earnings per share for the current year.

Suzano Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.2036 per share. The ex-dividend date is Monday, December 22nd. Suzano’s payout ratio is 18.75%.

About Suzano

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world’s leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano’s business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.