Short Interest in Suzano S.A. (NYSE:SUZ) Decreases By 24.4%

Suzano S.A. (NYSE:SUZGet Rating) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 590,900 shares, a decrease of 24.4% from the May 15th total of 781,400 shares. Based on an average daily trading volume, of 1,170,000 shares, the short-interest ratio is currently 0.5 days.

SUZ traded down $0.10 during trading hours on Friday, hitting $9.56. 6,971,120 shares of the company’s stock were exchanged, compared to its average volume of 1,201,845. Suzano has a 12-month low of $8.37 and a 12-month high of $12.82. The firm has a 50 day moving average of $10.65 and a 200 day moving average of $10.95. The firm has a market cap of $13.01 billion, a P/E ratio of 3.16, a price-to-earnings-growth ratio of 0.37 and a beta of 1.28. The company has a current ratio of 4.12, a quick ratio of 3.45 and a debt-to-equity ratio of 2.62.

Suzano (NYSE:SUZGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.37). Suzano had a return on equity of 125.73% and a net margin of 52.26%. The firm had revenue of $1.86 billion for the quarter. As a group, research analysts expect that Suzano will post 2.83 EPS for the current fiscal year.

The company also recently declared an annual dividend, which was paid on Friday, May 20th. Shareholders of record on Friday, May 6th were issued a dividend of $0.1263 per share. This represents a yield of 1%. The ex-dividend date was Thursday, May 5th. Suzano’s dividend payout ratio (DPR) is presently 7.92%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in Suzano by 113.1% during the 4th quarter. Signaturefd LLC now owns 2,323 shares of the company’s stock worth $25,000 after acquiring an additional 1,233 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new position in Suzano during the 1st quarter worth approximately $226,000. Provida Pension Fund Administrator acquired a new position in Suzano during the 4th quarter worth approximately $27,000. Wells Fargo & Company MN acquired a new position in Suzano during the 2nd quarter worth approximately $68,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Suzano during the 4th quarter worth approximately $83,000.

About Suzano (Get Rating)

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 and its byproducts. 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; biotechnology research and development; and commercialization of paper and computer materials.

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