Short Interest in Suzano S.A. Sponsored ADR (NYSE:SUZ) Increases By 71.2%

Suzano S.A. Sponsored ADR (NYSE:SUZ) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 5,683,685 shares, an increase 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 short-interest ratio is presently 2.3 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,473,360 shares, the short-interest ratio is presently 2.3 days.

Suzano Price Performance

Shares of NYSE:SUZ traded up $0.07 during midday trading on Thursday, reaching $9.73. 1,879,292 shares of the company’s stock traded hands, compared to its average volume of 1,968,371. The company has a fifty day simple moving average of $9.20 and a two-hundred day simple moving average of $9.31. Suzano has a 1 year low of $8.41 and a 1 year high of $10.86. The company has a market cap of $12.79 billion, a P/E ratio of 10.13, a PEG ratio of 0.19 and a beta of 0.72. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.52 and a current ratio of 3.20.

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

Suzano Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, February 11th. Investors 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 dividend payout ratio is 18.75%.

Institutional Investors Weigh In On Suzano

Several institutional investors have recently bought and sold shares of the company. Compass Rose Asset Management LP acquired a new position in shares of Suzano during the third quarter valued at approximately $9,917,000. Ramirez Asset Management Inc. acquired a new stake in shares of Suzano in the third quarter worth approximately $6,413,000. SG Americas Securities LLC purchased a new stake in shares of Suzano during the fourth quarter worth approximately $4,944,000. American Century Companies Inc. raised its stake in Suzano by 36.2% in the 2nd 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 during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Suzano by 274.1% in the 3rd quarter. Principal Financial Group Inc. now owns 371,468 shares of the company’s stock valued at $3,492,000 after purchasing an additional 272,168 shares during the last quarter. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SUZ has been the subject of several recent research reports. Zacks Research raised shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.