Short Interest in Suzano S.A. (NYSE:SUZ) Declines By 17.7%

Suzano S.A. (NYSE:SUZ) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 5,490,000 shares, a decline of 17.7% from the February 28th total of 6,670,000 shares. Based on an average trading volume of 1,840,000 shares, the short-interest ratio is currently 3.0 days. Approximately 0.5% of the shares of the stock are short sold.

Suzano Price Performance

Shares of SUZ stock traded down $0.01 during trading hours on Wednesday, hitting $9.34. The company had a trading volume of 1,312,671 shares, compared to its average volume of 1,936,758. Suzano has a 12 month low of $8.78 and a 12 month high of $12.98. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.40 and a current ratio of 1.72. The firm’s fifty day moving average is $9.96 and its 200 day moving average is $10.09. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 14.83 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. FMR LLC raised its position in Suzano by 1,078.7% in the 3rd quarter. FMR LLC now owns 36,364 shares of the company’s stock valued at $364,000 after purchasing an additional 33,279 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Suzano in the third quarter valued at $107,000. Point72 Asset Management L.P. bought a new position in shares of Suzano in the third quarter valued at about $810,000. Quantinno Capital Management LP lifted its position in Suzano by 20.0% during the 3rd quarter. Quantinno Capital Management LP now owns 15,013 shares of the company’s stock worth $150,000 after buying an additional 2,504 shares in the last quarter. Finally, State Street Corp grew its holdings in Suzano by 14.1% during the 3rd quarter. State Street Corp now owns 4,597,801 shares of the company’s stock worth $45,978,000 after acquiring an additional 568,618 shares during the last quarter. Institutional investors own 2.55% of the company’s stock.

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.