Suzano S.A. Sponsored ADR (NYSE:SUZ) Short Interest Down 20.1% in December

by · The Cerbat Gem

Suzano S.A. Sponsored ADR (NYSE:SUZGet Free Report) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 3,319,692 shares, a decline of 20.1% from the November 30th total of 4,156,630 shares. Based on an average trading volume of 2,599,739 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 2,599,739 shares, the short-interest ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

SUZ has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research report on Monday. Zacks Research cut Suzano from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given 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”.

Check Out Our Latest Analysis on Suzano

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Suzano by 4.9% during the 3rd 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. Compass Rose Asset Management LP acquired a new position in shares of Suzano in the 3rd quarter worth approximately $9,917,000. Kapitalo Investimentos Ltda increased its holdings in shares of Suzano by 57.9% in the 2nd quarter. Kapitalo Investimentos Ltda now owns 695,916 shares of the company’s stock valued at $6,549,000 after acquiring an additional 255,319 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of Suzano during the third quarter worth $6,413,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Suzano by 14.5% during the first quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock valued at $5,178,000 after purchasing an additional 70,396 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Stock Performance

NYSE:SUZ remained flat at $9.35 during trading hours on Thursday. The company had a trading volume of 586,986 shares, compared to its average volume of 2,621,407. Suzano has a 52-week low of $8.41 and a 52-week high of $10.86. The company has a market capitalization of $12.38 billion, a PE ratio of 9.74, a P/E/G ratio of 0.09 and a beta of 0.74. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.20 and a quick ratio of 2.52. The company has a 50-day simple moving average of $9.11 and a two-hundred day simple moving average of $9.30.

Suzano (NYSE:SUZGet Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.23 billion. Suzano had a return on equity of 16.39% and a net margin of 13.03%. On average, sell-side analysts forecast that Suzano will post 1.93 earnings per share for the current year.

Suzano Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, February 11th. Investors of record on Monday, December 22nd will be paid a $0.2036 dividend. The ex-dividend date of this dividend is Monday, December 22nd. Suzano’s payout ratio is presently 18.75%.

About Suzano

(Get Free Report)

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.

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