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

Suzano S.A. Sponsored ADR (NYSE:SUZ) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 3,319,692 shares, a decrease of 20.1% from the November 30th total of 4,156,630 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 2,599,739 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 2,599,739 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.3% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SUZ shares. Zacks Research downgraded shares of Suzano from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Suzano presently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in Suzano by 36.2% in the second quarter. American Century Companies Inc. now owns 1,591,333 shares of the company’s stock valued at $14,974,000 after purchasing an additional 422,897 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Suzano by 24.8% during the 2nd quarter. Metis Global Partners LLC now owns 232,174 shares of the company’s stock worth $2,185,000 after buying an additional 46,177 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Suzano by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock valued at $5,178,000 after buying an additional 70,396 shares in the last quarter. Kapitalo Investimentos Ltda boosted its holdings in shares of Suzano by 57.9% in the 2nd quarter. Kapitalo Investimentos Ltda now owns 695,916 shares of the company’s stock valued at $6,549,000 after buying an additional 255,319 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in Suzano during the 2nd quarter worth $100,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Price Performance

Shares of Suzano stock opened at $9.35 on Friday. 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 has a 52-week low of $8.41 and a 52-week high of $10.86. The company has a market capitalization of $12.38 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.09 and a beta of 0.72. The company has a 50 day moving average of $9.12 and a 200 day moving average of $9.30.

Suzano (NYSE:SUZ) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Suzano had a net margin of 13.03% and a return on equity of 16.39%. As a group, research analysts forecast that Suzano will post 1.93 EPS for the current fiscal year.

Suzano Announces Dividend

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

Suzano Company Profile

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.