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

Suzano S.A. Sponsored ADR (NYSE:SUZ) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 6,816,101 shares, a drop of 44.7% from the April 15th total of 12,333,108 shares. Based on an average daily trading volume, of 2,471,073 shares, the short-interest ratio is currently 2.8 days. Approximately 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Suzano

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Suzano by 11,502.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after purchasing an additional 4,256 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Suzano during the 1st quarter valued at about $51,000. Parallel Advisors LLC raised its holdings in shares of Suzano by 71.7% during the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after buying an additional 3,901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after buying an additional 1,400 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Suzano during the 3rd quarter valued at about $94,000. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Trading Down 3.7%

Shares of NYSE SUZ traded down $0.32 during midday trading on Friday, hitting $8.23. The stock had a trading volume of 1,722,187 shares, compared to its average volume of 2,619,036. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 0.19 and a beta of 0.59. Suzano has a 1-year low of $8.20 and a 1-year high of $11.53. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81. The company has a fifty day moving average price of $9.52 and a 200 day moving average price of $9.58.

Suzano (NYSE:SUZ) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.11. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Suzano had a return on equity of 25.25% and a net margin of 22.90%. On average, analysts predict that Suzano will post 1.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SUZ. Jefferies Financial Group began coverage on Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target on the stock. Bank of America lowered Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Tuesday, April 7th. Zacks Research lowered Suzano from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings raised Suzano from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Suzano currently has an average rating of “Hold” and a consensus price target of $12.20.

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.