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

Suzano S.A. (NYSE:SUZ) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,490,000 shares, a decline of 17.7% from the February 28th total of 6,670,000 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 1,840,000 shares, the short-interest ratio is presently 3.0 days.

Institutional Trading of Suzano

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 1,027 shares during the period. Lindbrook Capital LLC raised its holdings in Suzano by 69.2% during the 4th quarter. Lindbrook Capital LLC now owns 3,004 shares of the company’s stock worth $30,000 after buying an additional 1,229 shares during the period. Blue Trust Inc. boosted its stake in Suzano by 222.7% in the 4th quarter. Blue Trust Inc. now owns 6,592 shares of the company’s stock worth $67,000 after purchasing an additional 4,549 shares during the period. Signaturefd LLC grew its holdings in shares of Suzano by 28.9% during the fourth quarter. Signaturefd LLC now owns 7,969 shares of the company’s stock valued at $81,000 after buying an additional 1,787 shares in the last quarter. Finally, US Bancorp DE grew its stake in Suzano by 20.3% during the 4th quarter. US Bancorp DE now owns 9,177 shares of the company’s stock valued at $93,000 after acquiring an additional 1,547 shares in the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Trading Up 0.4 %

SUZ stock traded up $0.04 during midday trading on Tuesday, hitting $9.33. The stock had a trading volume of 751,344 shares, compared to its average volume of 1,931,212. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.72 and a quick ratio of 1.40. The firm has a market cap of $12.35 billion, a PE ratio of 14.80 and a beta of 0.96. The company’s 50-day moving average price is $9.98 and its 200 day moving average price is $10.09. Suzano has a 12-month low of $8.78 and a 12-month high of $12.98.

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.