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

Suzano S.A. (NYSE:SUZ - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 29th, there was short interest totalling 3,020,000 shares, a growth of 18.0% from the February 14th total of 2,560,000 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is currently 2.4 days.

Suzano Price Performance

Shares of NYSE:SUZ traded up $0.28 during midday trading on Friday, hitting $12.20. The company had a trading volume of 3,008,970 shares, compared to its average volume of 1,329,042. Suzano has a twelve month low of $7.46 and a twelve month high of $12.23. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.61 and a quick ratio of 2.20. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 5.73 and a beta of 1.04. The business's 50-day simple moving average is $11.02 and its 200-day simple moving average is $10.85.

Institutional Trading of Suzano

Several institutional investors have recently made changes to their positions in the business. Deutsche Bank AG lifted its position in Suzano by 598.2% during the third quarter. Deutsche Bank AG now owns 135,452 shares of the company's stock valued at $1,456,000 after buying an additional 116,052 shares during the period. Profund Advisors LLC boosted its stake in Suzano by 13.4% during the second quarter. Profund Advisors LLC now owns 45,225 shares of the company's stock worth $417,000 after buying an additional 5,338 shares during the last quarter. BW Gestao de Investimentos Ltda. increased its holdings in Suzano by 16.4% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 1,271,000 shares of the company's stock worth $13,663,000 after purchasing an additional 179,000 shares during the period. First Trust Direct Indexing L.P. increased its stake in Suzano by 6.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 21,727 shares of the company's stock valued at $234,000 after purchasing an additional 1,365 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Suzano by 16.6% in the second quarter. LPL Financial LLC now owns 63,643 shares of the company's stock valued at $587,000 after acquiring an additional 9,068 shares during the last quarter. 2.55% of the stock is currently owned by institutional investors and hedge funds.

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.