Suzano S.A. (NYSE:SUZ) Sees Large Increase in Short Interest

Suzano S.A. (NYSE:SUZ) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,190,000 shares, an increase of 54.2% from the November 30th total of 1,420,000 shares. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is presently 1.4 days. Approximately 0.2% of the shares of the stock are short sold.

Suzano Price Performance

NYSE SUZ traded down $0.03 during mid-day trading on Friday, hitting $10.04. The stock had a trading volume of 1,658,330 shares, compared to its average volume of 1,828,752. The company has a 50 day simple moving average of $10.33 and a 200 day simple moving average of $9.93. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 15.94 and a beta of 0.95. Suzano has a 52-week low of $8.78 and a 52-week high of $12.98. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 1.92.

Suzano Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a $0.3366 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th. Suzano’s dividend payout ratio is currently 42.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caprock Group LLC increased its holdings in Suzano by 11.1% during the 3rd quarter. Caprock Group LLC now owns 11,178 shares of the company’s stock valued at $112,000 after acquiring an additional 1,119 shares in the last quarter. Creative Planning lifted its holdings in shares of Suzano by 4.7% in the second quarter. Creative Planning now owns 47,191 shares of the company’s stock valued at $485,000 after purchasing an additional 2,128 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Suzano by 20.0% in the third quarter. Quantinno Capital Management LP now owns 15,013 shares of the company’s stock valued at $150,000 after purchasing an additional 2,504 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Suzano during the 3rd quarter worth approximately $25,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Suzano during the 3rd quarter worth approximately $107,000. Institutional investors and hedge funds own 2.55% of the company’s stock.

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.