Suzano S.A. (NYSE:SUZ - Get Free Report) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,430,000 shares, a decline of 19.5% from the February 29th total of 3,020,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is presently 1.8 days.
Institutional Trading of Suzano
Large investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Suzano by 152.4% in the 2nd quarter. Royal Bank of Canada now owns 3,778 shares of the company's stock worth $36,000 after buying an additional 2,281 shares during the last quarter. Eqis Capital Management Inc. bought a new position in shares of Suzano in the 2nd quarter worth $92,000. ExodusPoint Capital Management LP bought a new position in shares of Suzano in the 1st quarter worth $95,000. Massachusetts Financial Services Co. MA bought a new position in shares of Suzano in the 2nd quarter worth $96,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Suzano in the 2nd quarter worth $96,000. Institutional investors own 2.55% of the company's stock.
Suzano Stock Performance
Shares of NYSE:SUZ traded down $0.05 during midday trading on Friday, reaching $12.78. 684,545 shares of the company traded hands, compared to its average volume of 1,687,561. The company has a quick ratio of 2.20, a current ratio of 2.61 and a debt-to-equity ratio of 1.62. Suzano has a 12 month low of $7.46 and a 12 month high of $12.84. The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 6.00 and a beta of 1.04. The firm's fifty day moving average price is $11.36 and its two-hundred day moving average price is $11.02.
Suzano (NYSE:SUZ - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.70 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.70. Suzano had a return on equity of 33.35% and a net margin of 35.19%. The company had revenue of $2.09 billion for the quarter. On average, equities analysts expect that Suzano will post 1.65 earnings per share for the current year.
Suzano Company Profile
(
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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.
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