Short Interest in Suzano S.A. Sponsored ADR (NYSE:SUZ) Decreases By 15.3%

Suzano S.A. Sponsored ADR (NYSE:SUZ) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 5,773,086 shares, a drop of 15.3% from the January 29th total of 6,813,259 shares. Based on an average daily volume of 3,659,293 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 3,659,293 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of Suzano

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG increased its stake in shares of Suzano by 4,452.8% during the 4th quarter. Deutsche Bank AG now owns 7,353,089 shares of the company’s stock valued at $68,678,000 after acquiring an additional 7,191,583 shares during the last quarter. State Street Corp boosted its position in shares of Suzano by 17.5% in the fourth quarter. State Street Corp now owns 5,667,599 shares of the company’s stock worth $54,086,000 after acquiring an additional 843,296 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Suzano by 30.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company’s stock valued at $41,793,000 after purchasing an additional 1,037,976 shares during the period. JPMorgan Chase & Co. increased its position in Suzano by 323.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company’s stock worth $17,555,000 after purchasing an additional 1,435,994 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Suzano by 4.9% during the third quarter. American Century Companies Inc. now owns 1,668,689 shares of the company’s stock worth $15,686,000 after purchasing an additional 77,356 shares during the period. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Analyst Upgrades and Downgrades

SUZ has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Suzano in a research report on Thursday, February 5th. They issued a “buy” rating and a $13.40 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Finally, Zacks Research raised shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $13.40.

Suzano Trading Down 0.7%

Shares of NYSE:SUZ traded down $0.08 during trading on Wednesday, reaching $10.77. The stock had a trading volume of 3,784,255 shares, compared to its average volume of 2,976,716. The company has a quick ratio of 2.59, a current ratio of 3.18 and a debt-to-equity ratio of 2.09. The stock has a market cap of $13.35 billion, a P/E ratio of 5.70, a PEG ratio of 0.22 and a beta of 0.67. The business has a fifty day moving average price of $10.02 and a 200-day moving average price of $9.52. Suzano has a fifty-two week low of $8.41 and a fifty-two week high of $11.53.

Suzano (NYSE:SUZ) last released its earnings results on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.11. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 30.84%. As a group, analysts anticipate that Suzano will post 1.93 earnings per share for the current fiscal year.

Suzano Announces Dividend

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

About Suzano

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.