Suzano S.A. (NYSE:SUZ) Short Interest Down 41.2% in November

Suzano S.A. (NYSE:SUZ) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,830,000 shares, a drop of 41.2% from the October 31st total of 3,110,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is currently 1.3 days.

Suzano Trading Down 1.5 %

NYSE:SUZ traded down $0.15 during trading hours on Thursday, hitting $10.04. The company had a trading volume of 5,707,861 shares, compared to its average volume of 1,825,929. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.17 and a quick ratio of 1.70. Suzano has a 52 week low of $8.78 and a 52 week high of $12.98. The company has a market capitalization of $13.29 billion, a PE ratio of 15.94 and a beta of 0.98. The stock has a 50-day moving average price of $10.11 and a 200 day moving average price of $9.81.

Hedge Funds Weigh In On Suzano

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