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

Suzano S.A. Sponsored ADR (NYSE:SUZ) saw a significant 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 trading volume of 2,557,361 shares, the days-to-cover ratio is currently 2.7 days. Based on an average trading volume of 2,557,361 shares, the days-to-cover ratio is currently 2.7 days.

Suzano Trading Down 1.7%

Suzano stock traded down $0.19 during trading hours on Tuesday, hitting $10.99. The company had a trading volume of 1,206,916 shares, compared to its average volume of 2,643,214. Suzano has a 1 year low of $8.41 and a 1 year high of $11.26. The firm has a market cap of $13.63 billion, a P/E ratio of 5.81, a P/E/G ratio of 0.22 and a beta of 0.72. The company has a 50-day moving average price of $9.60 and a two-hundred day moving average price of $9.41. 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 (NYSE:SUZ) last posted its earnings results on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.11. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 30.84%. On average, sell-side analysts anticipate that Suzano will post 1.93 earnings per share for the current year.

Suzano Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, February 11th. Investors of record on Monday, December 22nd were issued a $0.2036 dividend. The ex-dividend date was Monday, December 22nd. Suzano’s dividend payout ratio is 9.52%.

Analyst Ratings Changes

A number of analysts have recently commented on SUZ shares. Zacks Research upgraded shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 8th. Jefferies Financial Group started coverage on Suzano in a research report on Thursday, February 5th. They issued a “buy” rating and a $13.40 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $13.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in Suzano by 11,502.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after purchasing an additional 4,256 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after buying an additional 1,400 shares during the period. Virtu Financial LLC acquired a new stake in Suzano during the 3rd quarter worth $94,000. Finally, Vident Advisory LLC purchased a new stake in Suzano during the 2nd quarter valued at approximately $97,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

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.