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

Suzano S.A. (NYSE:SUZ) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,420,000 shares, a decrease of 22.4% from the November 15th total of 1,830,000 shares. Based on an average trading volume of 1,520,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the shares of the company are sold short.

Suzano Stock Performance

NYSE:SUZ traded up $0.02 on Monday, hitting $10.33. The stock had a trading volume of 1,829,165 shares, compared to its average volume of 1,826,352. Suzano has a 52-week low of $8.78 and a 52-week high of $12.98. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 16.40 and a beta of 0.95. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 1.92. The business’s 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $9.88.

Suzano Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $0.3366 per share. The ex-dividend date is Wednesday, December 18th. This represents a yield of 1.6%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Atlas FRM LLC grew its position in shares of Suzano by 73.0% during the 2nd quarter. Atlas FRM LLC now owns 12,320,000 shares of the company’s stock valued at $126,526,000 after acquiring an additional 5,200,000 shares during the period. Kapitalo Investimentos Ltda lifted its position in Suzano by 152.9% during the third quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock valued at $35,387,000 after purchasing an additional 2,139,719 shares in the last quarter. Marshall Wace LLP bought a new stake in Suzano during the second quarter valued at about $9,310,000. Sagil Capital LLP purchased a new stake in Suzano in the second quarter worth about $6,324,000. Finally, State Street Corp raised its stake in shares of Suzano by 14.1% in the third quarter. State Street Corp now owns 4,597,801 shares of the company’s stock worth $45,978,000 after buying an additional 568,618 shares during the period. 2.55% of the stock is currently owned by institutional investors.

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.