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

Suzano S.A. Sponsored ADR (NYSE:SUZ) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 11,402,300 shares, a growth of 21.1% from the March 15th total of 9,412,446 shares. Based on an average trading volume of 4,442,870 shares, the short-interest ratio is presently 2.6 days. Approximately 0.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On Suzano

A number of large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its position in Suzano by 3.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock worth $340,000 after purchasing an additional 1,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares during the period. Compound Planning Inc. raised its position in Suzano by 7.6% in the 4th quarter. Compound Planning Inc. now owns 19,988 shares of the company’s stock worth $187,000 after purchasing an additional 1,419 shares during the period. Moody National Bank Trust Division raised its position in Suzano by 5.2% in the 3rd quarter. Moody National Bank Trust Division now owns 29,311 shares of the company’s stock worth $276,000 after purchasing an additional 1,438 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Suzano by 16.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,631 shares of the company’s stock worth $118,000 after purchasing an additional 1,754 shares during the period. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SUZ shares. Zacks Research downgraded shares of Suzano from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Bank of America downgraded shares of Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Tuesday, April 7th. Jefferies Financial Group started coverage on shares of Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.20.

Suzano Stock Performance

NYSE SUZ opened at $9.65 on Friday. The company has a market capitalization of $11.97 billion, a P/E ratio of 5.11, a P/E/G ratio of 0.21 and a beta of 0.73. The company has a fifty day moving average of $10.26 and a 200-day moving average of $9.59. Suzano has a 52-week low of $8.66 and a 52-week high of $11.53. The company has a debt-to-equity ratio of 2.27, a quick ratio of 2.59 and a current ratio of 3.18.

Suzano (NYSE:SUZ) last issued its earnings results on Wednesday, February 11th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 30.84%. As a group, equities research analysts predict that Suzano will post 1.93 EPS for the current fiscal year.

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.