Suzano S.A. (NYSE:SUZ) Sees Large Decline in Short Interest

Suzano S.A. (NYSE:SUZ) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 5,810,000 shares, a drop of 42.3% from the January 31st total of 10,070,000 shares. Based on an average daily trading volume, of 1,930,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Trading of Suzano

A number of institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of Suzano in the third quarter valued at approximately $810,000. Constellation Investimentos e Participacoes Ltda increased its stake in Suzano by 132.3% in the fourth quarter. Constellation Investimentos e Participacoes Ltda now owns 428,400 shares of the company’s stock valued at $4,335,000 after purchasing an additional 244,000 shares during the last quarter. State Street Corp increased its stake in shares of Suzano by 14.1% during the 3rd quarter. State Street Corp now owns 4,597,801 shares of the company’s stock valued at $45,978,000 after acquiring an additional 568,618 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Suzano by 58.2% during the 4th quarter. GAMMA Investing LLC now owns 2,791 shares of the company’s stock worth $28,000 after acquiring an additional 1,027 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Suzano in the third quarter worth approximately $107,000. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

Suzano Price Performance

Shares of Suzano stock traded up $0.05 during trading on Tuesday, reaching $9.45. The company’s stock had a trading volume of 1,068,404 shares, compared to its average volume of 1,903,153. Suzano has a 12-month low of $8.78 and a 12-month high of $12.98. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 2.81. The business has a 50 day moving average price of $10.24 and a 200-day moving average price of $10.15. The company has a market capitalization of $12.51 billion, a P/E ratio of 14.99 and a beta of 0.94.

Suzano Cuts Dividend

The company also recently declared an annual dividend, which was paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.3366 per share. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 18th. Suzano’s dividend payout ratio (DPR) is 41.27%.

Suzano Company Profile

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. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.