Suzano S.A. (NYSE:SUZ) Sees Large Decline in Short Interest

Suzano S.A. (NYSE:SUZ) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,420,000 shares, a drop of 22.4% from the November 15th total of 1,830,000 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,520,000 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SUZ. Van ECK Associates Corp lifted its position in shares of Suzano by 26.1% during the second quarter. Van ECK Associates Corp now owns 53,403 shares of the company’s stock valued at $548,000 after purchasing an additional 11,059 shares in the last quarter. Waterfront Wealth Inc. lifted its position in shares of Suzano by 23.2% during the second quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company’s stock valued at $2,858,000 after purchasing an additional 52,334 shares in the last quarter. Caprock Group LLC bought a new position in shares of Suzano during the second quarter valued at about $103,000. Choreo LLC bought a new stake in Suzano in the second quarter worth about $128,000. Finally, Sagil Capital LLP bought a new stake in Suzano in the second quarter worth about $6,324,000. 2.55% of the stock is owned by institutional investors.

Suzano Stock Up 0.2 %

Shares of NYSE SUZ traded up $0.02 during mid-day trading on Monday, reaching $10.33. 1,829,165 shares of the company’s stock traded hands, compared to its average volume of 1,826,352. The stock has a market cap of $13.68 billion, a P/E ratio of 16.40 and a beta of 0.95. The business has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $9.88. Suzano has a 1-year low of $8.78 and a 1-year high of $12.98. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.17 and a quick ratio of 1.70.

Suzano Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $0.3366 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th.

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.