Short Interest in Suzano S.A. (NYSE:SUZ) Grows By 31.2%

Suzano S.A. (NYSE:SUZGet Rating) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,640,000 shares, an increase of 31.2% from the March 15th total of 1,250,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the days-to-cover ratio is presently 1.4 days.

Separately, JPMorgan Chase & Co. cut shares of Suzano from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 25th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pendal Group Ltd boosted its stake in Suzano by 0.3% during the fourth quarter. Pendal Group Ltd now owns 4,409,473 shares of the company’s stock worth $47,623,000 after acquiring an additional 13,429 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in Suzano by 195.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,177,824 shares of the company’s stock worth $34,224,000 after acquiring an additional 2,103,479 shares in the last quarter. State Street Corp lifted its stake in shares of Suzano by 12.6% in the fourth quarter. State Street Corp now owns 2,428,549 shares of the company’s stock valued at $26,228,000 after buying an additional 271,012 shares in the last quarter. Morgan Stanley lifted its stake in shares of Suzano by 40.5% in the second quarter. Morgan Stanley now owns 918,235 shares of the company’s stock valued at $11,056,000 after buying an additional 264,473 shares in the last quarter. Finally, Thomas White International Ltd. lifted its stake in shares of Suzano by 17.2% in the third quarter. Thomas White International Ltd. now owns 620,513 shares of the company’s stock valued at $6,205,000 after buying an additional 90,890 shares in the last quarter.

Shares of NYSE SUZ opened at $11.41 on Monday. The firm has a market cap of $15.53 billion, a PE ratio of 9.50, a P/E/G ratio of 0.44 and a beta of 1.29. Suzano has a 12-month low of $8.37 and a 12-month high of $13.36. The company’s fifty day simple moving average is $11.54 and its 200 day simple moving average is $10.56. The company has a quick ratio of 2.55, a current ratio of 2.95 and a debt-to-equity ratio of 5.01.

Suzano (NYSE:SUZGet Rating) last issued its earnings results on Wednesday, February 9th. The company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $2.06 billion for the quarter. Suzano had a net margin of 21.32% and a return on equity of 71.93%. On average, equities analysts predict that Suzano will post 2.8 earnings per share for the current year.

The business also recently announced an annual dividend, which will be paid on Friday, May 20th. Investors of record on Friday, May 6th will be paid a dividend of $0.1263 per share. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, May 5th. Suzano’s dividend payout ratio is presently 20.00%.

About Suzano (Get Rating)

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin and its byproducts. It also engages in the research, development, and production of biofuel; operating port terminals; power generation and distribution business; road transport of freight; commercialization of equipment and parts; biotechnology research and development; and commercialization of computer paper and materials.

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