Sylvamo Co. (NYSE:SLVM) Short Interest Up 42.3% in February

Sylvamo Co. (NYSE:SLVM - Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 897,400 shares, an increase of 42.3% from the February 13th total of 630,800 shares. Based on an average daily trading volume, of 344,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.7% of the company's shares are sold short.

Sylvamo Stock Up 0.7 %

SLVM traded up $0.43 on Tuesday, hitting $66.04. The company had a trading volume of 349,866 shares, compared to its average volume of 296,673. The stock has a fifty day moving average price of $73.88 and a 200-day moving average price of $80.65. Sylvamo has a 12-month low of $56.20 and a 12-month high of $98.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 2.23 and a beta of 1.15.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Analysts predict that Sylvamo will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.73%. The ex-dividend date is Tuesday, April 8th. Sylvamo's dividend payout ratio is presently 24.97%.

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Analyst Upgrades and Downgrades

SLVM has been the topic of several research reports. Bank of America restated an "underperform" rating and set a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada cut their price target on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th.

Insider Buying and Selling

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the sale, the chief executive officer now owns 131,894 shares in the company, valued at $8,591,575.16. This trade represents a 13.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sylvamo

Several institutional investors have recently added to or reduced their stakes in SLVM. Smartleaf Asset Management LLC boosted its holdings in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after acquiring an additional 403 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after purchasing an additional 201 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after purchasing an additional 214 shares during the period. Covestor Ltd lifted its holdings in shares of Sylvamo by 464.5% during the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock worth $62,000 after purchasing an additional 641 shares during the period. Finally, LRI Investments LLC lifted its holdings in shares of Sylvamo by 4,825.0% during the third quarter. LRI Investments LLC now owns 788 shares of the company's stock worth $66,000 after purchasing an additional 772 shares during the period. Institutional investors and hedge funds own 91.16% of the company's stock.

Sylvamo Company Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.