Short Interest in Suzano S.A. Sponsored ADR (NYSE:SUZ) Drops By 21.3%

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) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 2,880,000 shares, adeclineof21.3% from the July 31st total of 3,660,000 shares. Based on an average trading volume of 1,870,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately0.2% of the company's shares are sold short. Approximately0.2% of the company's shares are sold short. Based on an average trading volume of 1,870,000 shares, the days-to-cover ratio is currently 1.5 days.

Suzano Price Performance

Shares of SUZ stock traded up $0.03 during mid-day trading on Tuesday, hitting $9.58. 982,695 shares of the stock were exchanged, compared to its average volume of 1,845,129. The firm has a fifty day moving average of $9.50 and a 200 day moving average of $9.35. The company has a quick ratio of 2.48, a current ratio of 3.16 and a debt-to-equity ratio of 2.05. Suzano has a 52-week low of $8.41 and a 52-week high of $10.98. The company has a market cap of $12.68 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 0.09 and a beta of 0.85.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SUZ shares. The Goldman Sachs Group upgraded Suzano from a "neutral" rating to a "buy" rating in a report on Friday, June 13th. Wall Street Zen lowered Suzano from a "buy" rating to a "hold" rating in a report on Tuesday, July 29th. Finally, Zacks Research upgraded Suzano to a "strong-buy" rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, Suzano presently has a consensus rating of "Strong Buy".

Institutional Investors Weigh In On Suzano

Several hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its stake in Suzano by 45,596.6% in the 4th quarter. Millennium Management LLC now owns 4,624,036 shares of the company's stock valued at $46,795,000 after buying an additional 4,613,917 shares in the last quarter. American Century Companies Inc. lifted its stake in Suzano by 36.2% in the 2nd quarter. American Century Companies Inc. now owns 1,591,333 shares of the company's stock worth $14,974,000 after purchasing an additional 422,897 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Suzano by 467.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 1,379,355 shares of the company's stock worth $12,814,000 after purchasing an additional 1,136,226 shares in the last quarter. Two Sigma Investments LP lifted its stake in Suzano by 605.7% in the 4th quarter. Two Sigma Investments LP now owns 1,029,559 shares of the company's stock worth $10,419,000 after purchasing an additional 883,662 shares in the last quarter. Finally, Kapitalo Investimentos Ltda lifted its stake in Suzano by 57.9% in the 2nd quarter. Kapitalo Investimentos Ltda now owns 695,916 shares of the company's stock worth $6,549,000 after purchasing an additional 255,319 shares in the last quarter. 2.55% of the stock is owned by hedge funds and other 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.

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