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

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

Hedge Funds Weigh In On Suzano

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Suzano by 58.2% in the fourth quarter. GAMMA Investing LLC now owns 2,791 shares of the company’s stock valued at $28,000 after buying an additional 1,027 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Suzano by 10.6% in the 4th quarter. Ameriprise Financial Inc. now owns 12,090 shares of the company’s stock valued at $126,000 after purchasing an additional 1,155 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Suzano by 69.2% during the 4th quarter. Lindbrook Capital LLC now owns 3,004 shares of the company’s stock valued at $30,000 after purchasing an additional 1,229 shares during the period. Quantinno Capital Management LP grew its position in Suzano by 8.7% in the 4th quarter. Quantinno Capital Management LP now owns 16,325 shares of the company’s stock worth $165,000 after purchasing an additional 1,312 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Suzano by 20.3% in the fourth quarter. US Bancorp DE now owns 9,177 shares of the company’s stock valued at $93,000 after purchasing an additional 1,547 shares during the period. Institutional investors own 2.55% of the company’s stock.

Suzano Stock Performance

Suzano stock traded down $0.15 during mid-day trading on Thursday, reaching $9.18. The company’s stock had a trading volume of 1,053,335 shares, compared to its average volume of 1,936,049. The business has a 50 day moving average price of $9.93 and a 200-day moving average price of $10.08. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 2.81. Suzano has a twelve month low of $8.78 and a twelve month high of $12.89. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 14.57 and a beta of 0.96.

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.