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

Suzano S.A. Sponsored ADR (NYSE:SUZGet Free Report) was the target of a large drop in short interest in 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. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,471,073 shares, the days-to-cover ratio is currently 2.8 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SUZ shares. Zacks Research downgraded Suzano from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Jefferies Financial Group started coverage on Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 target price on the stock. Weiss Ratings upgraded Suzano from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Finally, Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.20.

Check Out Our Latest Stock Report on SUZ

Suzano Stock Down 3.7%

Shares of SUZ traded down $0.32 during trading on Friday, reaching $8.23. The company’s stock had a trading volume of 1,722,187 shares, compared to its average volume of 2,619,036. The company has a fifty day moving average of $9.52 and a two-hundred day moving average of $9.58. Suzano has a twelve month low of $8.20 and a twelve month high of $11.53. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 4.90, a P/E/G ratio of 0.19 and a beta of 0.59. The company has a quick ratio of 2.80, a current ratio of 3.51 and a debt-to-equity ratio of 1.81.

Suzano (NYSE:SUZGet Free Report) last announced its earnings results on Wednesday, February 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.11. Suzano had a return on equity of 25.25% and a net margin of 22.90%.The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. On average, sell-side analysts predict that Suzano will post 1.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Suzano

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its position 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 acquired a new position in shares of Suzano in the 1st quarter valued at approximately $51,000. Parallel Advisors LLC raised its position in shares of Suzano by 71.7% in the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock valued at $88,000 after purchasing an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Suzano in the 1st quarter valued at approximately $100,000. 2.55% of the stock is owned by institutional investors and hedge funds.

About Suzano

(Get Free Report)

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.

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