Suzano S.A. Sponsored ADR (NYSE:SUZ) Short Interest Up 74.9% in March

Suzano S.A. Sponsored ADR (NYSE:SUZ) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 9,412,446 shares, a growth of 74.9% from the February 26th total of 5,380,151 shares. Based on an average daily volume of 4,103,558 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Suzano

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUZ. Caitong International Asset Management Co. Ltd increased its position in shares of Suzano by 11,502.7% during 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 during the period. Parallel Advisors LLC raised its stake in shares of Suzano by 71.7% in the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after buying an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after buying an additional 1,400 shares during the period. Virtu Financial LLC bought a new position in Suzano during the third quarter valued at about $94,000. Finally, Vident Advisory LLC bought a new position in Suzano during the second quarter valued at about $97,000. 2.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SUZ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Zacks Research cut Suzano from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Jefferies Financial Group started coverage on Suzano in a research note on Thursday, February 5th. They set a “buy” rating and a $13.40 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.40.

Suzano Price Performance

Shares of SUZ stock traded up $0.09 during midday trading on Friday, reaching $9.71. 205,384 shares of the company were exchanged, compared to its average volume of 3,378,082. The company’s 50 day moving average price is $10.27 and its two-hundred day moving average price is $9.57. The company has a market cap of $12.03 billion, a P/E ratio of 5.13, a PEG ratio of 0.20 and a beta of 0.67. Suzano has a 12 month low of $8.41 and a 12 month high of $11.53. The company has a debt-to-equity ratio of 2.27, a quick ratio of 2.59 and a current ratio of 3.18.

Suzano (NYSE:SUZ) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.11. Suzano had a net margin of 26.11% and a return on equity of 30.84%. The business had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.30 billion. On average, sell-side analysts expect that Suzano will post 1.93 earnings per share for the current year.

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.