Suzano S.A. (NYSE:SUZ - Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,190,000 shares, an increase of 54.2% from the November 30th total of 1,420,000 shares. Approximately 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 1,610,000 shares, the short-interest ratio is currently 1.4 days.
Institutional Trading of Suzano
Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in Suzano by 26.1% during the 2nd quarter. Van ECK Associates Corp now owns 53,403 shares of the company's stock worth $548,000 after purchasing an additional 11,059 shares during the period. Waterfront Wealth Inc. boosted its position in shares of Suzano by 23.2% in the second quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company's stock worth $2,858,000 after buying an additional 52,334 shares during the period. Caprock Group LLC acquired a new stake in shares of Suzano in the second quarter valued at about $103,000. Choreo LLC purchased a new stake in shares of Suzano during the 2nd quarter valued at about $128,000. Finally, Sagil Capital LLP acquired a new position in Suzano during the 2nd quarter worth approximately $6,324,000. Hedge funds and other institutional investors own 2.55% of the company's stock.
Suzano Trading Down 0.3 %
Suzano stock traded down $0.03 during midday trading on Friday, reaching $10.04. The stock had a trading volume of 1,658,330 shares, compared to its average volume of 1,828,752. The stock's 50-day simple moving average is $10.33 and its 200 day simple moving average is $9.93. Suzano has a twelve month low of $8.78 and a twelve month high of $12.98. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.70 and a current ratio of 2.17. The stock has a market capitalization of $13.29 billion, a PE ratio of 15.94 and a beta of 0.95.
Suzano Cuts Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a $0.3366 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th. Suzano's dividend payout ratio is currently 42.86%.
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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