Short Interest in Suzano S.A. Sponsored ADR (NYSE:SUZ) Grows By 74.9%

Suzano S.A. Sponsored ADR (NYSE:SUZ) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 9,412,446 shares, an increase of 74.9% from the February 26th total of 5,380,151 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 4,103,558 shares, the days-to-cover ratio is currently 2.3 days.

Suzano Stock Performance

Shares of NYSE:SUZ traded up $0.09 during trading on Friday, reaching $9.71. 205,384 shares of the company’s stock traded hands, compared to its average volume of 3,378,082. The stock has a market capitalization of $12.03 billion, a P/E ratio of 5.13, a price-to-earnings-growth ratio of 0.20 and a beta of 0.67. Suzano has a 12 month low of $8.41 and a 12 month high of $11.53. The company has a 50 day moving average of $10.27 and a 200-day moving average of $9.57. The company has a debt-to-equity ratio of 2.27, a current ratio of 3.18 and a quick ratio of 2.59.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its stake in Suzano by 11,502.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after buying an additional 4,256 shares during the last quarter. Parallel Advisors LLC grew its position 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 acquiring an additional 3,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 acquiring an additional 1,400 shares during the period. Virtu Financial LLC acquired a new stake in shares of Suzano in the 3rd quarter worth about $94,000. Finally, Vident Advisory LLC bought a new stake in Suzano in the 2nd quarter valued at about $97,000. Institutional investors and hedge funds own 2.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on SUZ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Zacks Research lowered Suzano from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Jefferies Financial Group initiated coverage on Suzano in a research note on Thursday, February 5th. They set a “buy” rating and a $13.40 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.40.

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.