Short Interest in Fibria Celulose SA (FBR) Drops By 41.1%
Fibria Celulose SA (NYSE:FBR) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 2,607,751 shares, a decrease of 41.1% from the September 15th total of 4,429,138 shares. Based on an average trading volume of 1,954,614 shares, the short-interest ratio is presently 1.3 days.
Fibria Celulose SA (NYSE:FBR) opened at 7.39 on Wednesday. Fibria Celulose SA has a 1-year low of $5.79 and a 1-year high of $14.94. The stock has a market capitalization of $4.10 billion, a PE ratio of 6.56 and a beta of 0.70. The company’s 50 day moving average is $7.08 and its 200-day moving average is $7.53.
A number of institutional investors have recently bought and sold shares of FBR. Nomura Holdings Inc. bought a new position in Fibria Celulose SA during the second quarter worth $102,000. Royal Bank of Canada boosted its position in Fibria Celulose SA by 1,778.6% in the first quarter. Royal Bank of Canada now owns 13,150 shares of the company’s stock worth $111,000 after buying an additional 12,450 shares in the last quarter. Global X Management Co. LLC boosted its position in Fibria Celulose SA by 3.7% in the second quarter. Global X Management Co. LLC now owns 16,729 shares of the company’s stock worth $113,000 after buying an additional 595 shares in the last quarter. US Bancorp DE boosted its position in Fibria Celulose SA by 6,476.7% in the second quarter. US Bancorp DE now owns 25,386 shares of the company’s stock worth $172,000 after buying an additional 25,000 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Fibria Celulose SA during the second quarter worth $186,000. Institutional investors own 8.11% of the company’s stock.
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FBR has been the subject of several recent analyst reports. FBR & Co downgraded shares of Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 20th. Bank of America Corp. downgraded shares of Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research note on Thursday, July 21st. Zacks Investment Research downgraded shares of Fibria Celulose SA from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. Finally, Morgan Stanley downgraded shares of Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 price objective for the company. in a research note on Tuesday, July 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.57.
Fibria Celulose SA Company Profile
Fibria Celulose SA (Fibria) is a Brazil-based pulp and paper producer. The Company’s activities are focused on the renewable and sustainable forests and the manufacture and sale of bleached eucalyptus kraft pulp. Forests in formation are located in the states of Sao Paulo, Mato Grosso do Sul, Minas Gerais, Rio de Janeiro, Espirito Santo, Bahia and Rio Grande do Sul.
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