Suzano S.A. Sponsored ADR (NYSE:SUZ) Short Interest Update
by Tristan Rich · The Markets DailySuzano S.A. Sponsored ADR (NYSE:SUZ – Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 3,319,692 shares, a decrease 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 days-to-cover ratio is currently 1.3 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 2,599,739 shares, the days-to-cover ratio is currently 1.3 days.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Suzano in a research note on Monday. Zacks Research downgraded shares of Suzano from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. One investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Stock Report on SUZ
Suzano Price Performance
Shares of Suzano stock remained flat at $9.35 during trading on Wednesday. The company had a trading volume of 586,986 shares, compared to its average volume of 2,621,407. Suzano has a twelve month low of $8.41 and a twelve month high of $10.86. The business’s fifty day simple moving average is $9.11 and its 200-day simple moving average is $9.30. The company has a quick ratio of 2.52, a current ratio of 3.20 and a debt-to-equity ratio of 1.97. The stock 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.
Suzano (NYSE:SUZ – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Suzano had a net margin of 13.03% and a return on equity of 16.39%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.23 billion. On average, equities research analysts forecast that Suzano will post 1.93 EPS for the current fiscal year.
Suzano Dividend Announcement
The company 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 is Monday, December 22nd. Suzano’s dividend payout ratio is presently 18.75%.
Institutional Investors Weigh In On Suzano
Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in Suzano by 4.9% during the third quarter. American Century Companies Inc. now owns 1,668,689 shares of the company’s stock valued at $15,686,000 after buying an additional 77,356 shares during the period. Compass Rose Asset Management LP bought a new stake in shares of Suzano during the third quarter valued at approximately $9,917,000. Kapitalo Investimentos Ltda raised its stake in shares of Suzano by 57.9% in the second quarter. Kapitalo Investimentos Ltda now owns 695,916 shares of the company’s stock worth $6,549,000 after purchasing an additional 255,319 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in Suzano during the 3rd quarter valued at about $6,413,000. Finally, Goldman Sachs Group Inc. lifted its position in 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 period. 2.55% of the stock is owned by institutional investors.
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.