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

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SUZ. Amundi bought a new position in Suzano in the 1st quarter worth approximately $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after buying an additional 1,400 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Suzano by 14.5% in the first quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock worth $5,178,000 after buying an additional 70,396 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Suzano by 264.1% during the first quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock worth $769,000 after acquiring an additional 60,028 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Suzano by 10.5% during the second 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 in the last quarter. 2.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SUZ shares. Weiss Ratings restated a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Jefferies Financial Group assumed coverage on Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 price target on the stock. Finally, Zacks Research downgraded Suzano from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.40.

Suzano Stock Performance

Shares of NYSE:SUZ traded up $0.01 during trading on Friday, hitting $9.63. The company’s stock had a trading volume of 3,493,469 shares, compared to its average volume of 4,357,707. The company has a debt-to-equity ratio of 2.27, a current ratio of 3.18 and a quick ratio of 2.59. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 5.09, a P/E/G ratio of 0.19 and a beta of 0.67. The company has a 50-day moving average of $10.27 and a 200-day moving average of $9.57. Suzano has a 12 month low of $8.41 and a 12 month high of $11.53.

Suzano (NYSE:SUZ) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.11. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.30 billion. Suzano had a return on equity of 30.84% and a net margin of 26.11%. On average, sell-side analysts expect that Suzano will post 1.93 earnings per share for the current year.

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.