Suzano S.A. Sponsored ADR (NYSE:SUZ) Short Interest Update

Suzano S.A. Sponsored ADR (NYSE:SUZ) was the target 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 daily volume of 2,599,739 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 2,599,739 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SUZ. Zacks Research downgraded Suzano from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Suzano in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Suzano presently has an average rating of “Moderate Buy”.

Suzano Stock Performance

Shares of SUZ stock remained flat at $9.35 during mid-day trading on Wednesday. The stock had a trading volume of 586,986 shares, compared to its average volume of 2,621,407. Suzano has a fifty-two week low of $8.41 and a fifty-two week high of $10.86. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.09 and a beta of 0.74. The company has a current ratio of 3.20, a quick ratio of 2.52 and a debt-to-equity ratio of 1.97. The business has a fifty day moving average of $9.11 and a two-hundred day moving average of $9.30.

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

Suzano Announces Dividend

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

Institutional Trading of Suzano

Several hedge funds have recently made changes to their positions in SUZ. Parallel Advisors LLC boosted its stake 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 buying an additional 3,901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after acquiring an additional 1,400 shares during the period. Virtu Financial LLC purchased a new position in shares of Suzano in the 3rd quarter valued at approximately $94,000. Vident Advisory LLC acquired a new position in shares of Suzano in the second quarter valued at approximately $97,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Suzano during the second quarter worth approximately $100,000. 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.