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

Suzano S.A. (NYSE:SUZ) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 5,490,000 shares, a decrease of 17.7% from the February 28th total of 6,670,000 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 1,840,000 shares, the days-to-cover ratio is presently 3.0 days.

Suzano Stock Performance

NYSE SUZ traded down $0.01 during trading on Wednesday, hitting $9.34. The company’s stock had a trading volume of 1,312,671 shares, compared to its average volume of 1,936,758. Suzano has a 52 week low of $8.78 and a 52 week high of $12.98. The firm has a market cap of $12.37 billion, a P/E ratio of 14.83 and a beta of 0.96. The firm has a 50 day moving average price of $9.96 and a 200 day moving average price of $10.09. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 2.81.

Institutional Trading of Suzano

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

About Suzano

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.