Suzano S.A. Sponsored ADR (NYSE:SUZ) Short Interest Up 31.4% in May

Suzano S.A. Sponsored ADR (NYSE:SUZ - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 4,100,000 shares, an increase of 31.4% from the May 15th total of 3,120,000 shares. Based on an average trading volume of 1,980,000 shares, the short-interest ratio is presently 2.1 days. Currently, 0.3% of the company's shares are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SUZ. UBS Group upgraded shares of Suzano to a "strong-buy" rating in a report on Thursday, April 10th. The Goldman Sachs Group raised Suzano from a "neutral" rating to a "buy" rating in a research report on Friday.

Suzano Stock Performance

Shares of NYSE SUZ traded down $0.27 during mid-day trading on Tuesday, hitting $9.60. 1,845,510 shares of the company were exchanged, compared to its average volume of 1,794,211. The company has a quick ratio of 1.96, a current ratio of 2.61 and a debt-to-equity ratio of 2.27. Suzano has a 1-year low of $8.41 and a 1-year high of $10.98. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of -68.53, a price-to-earnings-growth ratio of 0.10 and a beta of 0.92. The stock has a 50 day simple moving average of $9.15 and a 200-day simple moving average of $9.70.

Suzano (NYSE:SUZ - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.01). The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $11.82 billion. Suzano had a negative return on equity of 3.08% and a negative net margin of 2.43%. On average, sell-side analysts forecast that Suzano will post 1.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Suzano

Several large investors have recently added to or reduced their stakes in SUZ. Millennium Management LLC increased its holdings in shares of Suzano by 45,596.6% in the 4th quarter. Millennium Management LLC now owns 4,624,036 shares of the company's stock worth $46,795,000 after acquiring an additional 4,613,917 shares during the period. Itau Unibanco Holding S.A. boosted its position in shares of Suzano by 465.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,680,057 shares of the company's stock worth $37,242,000 after buying an additional 3,029,016 shares during the period. Atlas FRM LLC grew its holdings in Suzano by 13.1% in the 4th quarter. Atlas FRM LLC now owns 17,320,000 shares of the company's stock worth $175,278,000 after buying an additional 2,000,000 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Suzano by 261.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,130,093 shares of the company's stock valued at $21,557,000 after acquiring an additional 1,540,864 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Suzano by 467.3% in the first 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. 2.55% of the stock is 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.

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