Suzano S.A. Sponsored ADR (NYSE:SUZ) Short Interest Up 20.8% in January

Suzano S.A. Sponsored ADR (NYSE:SUZ) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 6,813,259 shares, a growth of 20.8% from the January 15th total of 5,641,333 shares. Based on an average trading volume of 2,557,361 shares, the days-to-cover ratio is presently 2.7 days. Based on an average trading volume of 2,557,361 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Suzano by 10.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,958 shares of the company’s stock valued at $113,000 after acquiring an additional 1,141 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Suzano by 3.4% during the fourth 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after purchasing an additional 1,400 shares during the period. Moody National Bank Trust Division grew its holdings in shares of Suzano by 5.2% in the third 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 last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Suzano by 16.1% in the fourth 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 last quarter. Institutional investors own 2.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SUZ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research note on Monday, December 29th. Jefferies Financial Group started coverage on Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target for the company. Finally, Zacks Research raised shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $13.40.

Suzano Stock Performance

NYSE SUZ opened at $10.90 on Thursday. The company has a debt-to-equity ratio of 2.09, a current ratio of 3.18 and a quick ratio of 2.59. Suzano has a 1-year low of $8.41 and a 1-year high of $11.26. The business has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $9.43. The stock has a market capitalization of $13.51 billion, a PE ratio of 5.76, a P/E/G ratio of 0.21 and a beta of 0.72.

Suzano (NYSE:SUZ) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.11. Suzano had a return on equity of 30.84% and a net margin of 26.11%.The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.30 billion. On average, research analysts predict that Suzano will post 1.93 EPS for the current fiscal year.

Suzano Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, February 11th. Shareholders of record on Monday, December 22nd were paid a $0.2036 dividend. The ex-dividend date of this dividend was Monday, December 22nd. Suzano’s dividend payout ratio (DPR) is presently 9.52%.

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.