Suzano S.A. Sponsored ADR (NYSE:SUZ) Sees Significant Decline in Short Interest

Key Points

• Suzano S.A. experienced a 21.3% decline in short interest during August, dropping from 3,660,000 shares to 2,880,000 shares.
• The days-to-cover ratio for Suzano is now at **1.5 days**, based on an average trading volume of 1,870,000 shares.
• Recent analyst reports show a consensus rating of "Strong Buy" for Suzano, following upgrades from firms including Goldman Sachs and Zacks Research.

Suzano S.A. Sponsored ADR (NYSE:SUZ - Get Free Report) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totaling 2,880,000 shares, a decline of 21.3% from the July 31st total of 3,660,000 shares. Based on an average daily volume of 1,870,000 shares, the short-interest ratio is presently 1.5 days. Approximately 0.2% of the company's shares are sold short. Approximately 0.2% of the company's shares are sold short. Based on an average daily volume of 1,870,000 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SUZ. Financial Management Professionals Inc. acquired a new position in shares of Suzano during the first quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company's stock valued at $93,000 after buying an additional 1,400 shares during the last quarter. Vident Advisory LLC acquired a new position in shares of Suzano during the second quarter valued at about $97,000. TD Waterhouse Canada Inc. acquired a new position in shares of Suzano during the second quarter valued at about $100,000. Finally, GAMMA Investing LLC raised its position in shares of Suzano by 311.8% during the first quarter. GAMMA Investing LLC now owns 11,492 shares of the company's stock valued at $107,000 after buying an additional 8,701 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company's stock.

Suzano Stock Performance

Shares of SUZ traded down $0.12 during trading hours on Friday, reaching $9.46. 1,214,742 shares of the company traded hands, compared to its average volume of 1,321,294. The stock's fifty day moving average is $9.50 and its 200 day moving average is $9.34. The stock has a market cap of $12.52 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.09 and a beta of 0.85. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.48 and a current ratio of 3.16. Suzano has a 1-year low of $8.41 and a 1-year high of $10.98.

Analyst Ratings Changes

SUZ has been the topic of several research analyst reports. Zacks Research cut shares of Suzano from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Wall Street Zen cut shares of Suzano from a "buy" rating to a "hold" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group raised shares of Suzano from a "neutral" rating to a "buy" rating in a research report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Suzano has an average rating of "Buy".

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.