Sylvamo Co. (NYSE:SLVM) Short Interest Update

Sylvamo Co. (NYSE:SLVM) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 897,400 shares, a growth of 42.3% from the February 13th total of 630,800 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average trading volume of 344,000 shares, the short-interest ratio is currently 2.6 days.

Sylvamo Trading Up 0.3 %

Shares of NYSE:SLVM traded up $0.18 during mid-day trading on Monday, reaching $65.60. 605,931 shares of the company were exchanged, compared to its average volume of 296,511. Sylvamo has a 1 year low of $56.20 and a 1 year high of $98.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The firm’s 50-day simple moving average is $74.15 and its 200 day simple moving average is $80.74. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 2.23 and a beta of 1.15.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. Equities research analysts forecast that Sylvamo will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s payout ratio is currently 24.97%.

Insider Transactions at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the completion of the sale, the chief executive officer now directly owns 153,144 shares of the company’s stock, valued at $10,035,526.32. This trade represents a 12.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SLVM. Tidal Investments LLC lifted its holdings in Sylvamo by 150.9% during the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company’s stock worth $1,929,000 after buying an additional 13,512 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Sylvamo by 473.5% in the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock valued at $1,587,000 after purchasing an additional 15,247 shares in the last quarter. Citigroup Inc. increased its stake in Sylvamo by 67.0% in the third quarter. Citigroup Inc. now owns 46,518 shares of the company’s stock valued at $3,994,000 after purchasing an additional 18,657 shares during the last quarter. GAMMA Investing LLC raised its holdings in Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after purchasing an additional 201 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of Sylvamo by 47.4% in the 3rd quarter. Martingale Asset Management L P now owns 51,137 shares of the company’s stock valued at $4,390,000 after buying an additional 16,450 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SLVM has been the subject of a number of recent analyst reports. Bank of America restated an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada cut their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th.

About Sylvamo

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.