Short Interest in Suzano S.A. Sponsored ADR (NYSE:SUZ) Expands By 20.8%

Suzano S.A. Sponsored ADR (NYSE:SUZ) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 6,813,259 shares, a growth of 20.8% from the January 15th total of 5,641,333 shares. Based on an average daily trading volume, of 2,557,361 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily trading volume, of 2,557,361 shares, the days-to-cover ratio is presently 2.7 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Finally, Jefferies Financial Group began coverage on Suzano in a research report on Thursday, February 5th. They set a “buy” rating and a $13.40 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $13.40.

Institutional Investors Weigh In On Suzano

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its holdings in shares of Suzano by 144.1% during the fourth quarter. Millennium Management LLC now owns 776,173 shares of the company’s stock valued at $7,249,000 after buying an additional 458,190 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Suzano during the 4th quarter worth about $612,000. Balyasny Asset Management L.P. grew its stake in Suzano by 51.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 729,969 shares of the company’s stock valued at $6,818,000 after purchasing an additional 248,827 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Suzano by 63.1% in the fourth quarter. AQR Capital Management LLC now owns 28,730 shares of the company’s stock valued at $268,000 after purchasing an additional 11,115 shares during the period. Finally, EFG International AG acquired a new position in shares of Suzano in the fourth quarter valued at about $2,335,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Stock Up 0.4%

NYSE:SUZ traded up $0.05 during mid-day trading on Wednesday, hitting $11.02. 1,587,145 shares of the company’s stock traded hands, compared to its average volume of 2,615,272. The company has a fifty day moving average of $9.63 and a 200 day moving average of $9.42. The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.59 and a current ratio of 3.18. Suzano has a twelve month low of $8.41 and a twelve month high of $11.26. The company has a market capitalization of $13.66 billion, a P/E ratio of 5.83, a P/E/G ratio of 0.22 and a beta of 0.72.

Suzano (NYSE:SUZ) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. Suzano had a return on equity of 30.84% and a net margin of 26.11%.The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.30 billion. On average, analysts forecast that Suzano will post 1.93 EPS for the current year.

Suzano Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, February 11th. Shareholders of record on Monday, December 22nd were given a dividend of $0.2036 per share. The ex-dividend date of this dividend was Monday, December 22nd. Suzano’s payout ratio is currently 9.52%.

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.