Suzano S.A. (NYSE:SUZ) Short Interest Down 22.4% in November

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

Institutional Inflows and Outflows

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

Suzano Price Performance

Shares of SUZ stock traded down $0.15 during trading hours on Friday, hitting $10.31. The company had a trading volume of 2,057,596 shares, compared to its average volume of 1,826,340. 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 firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 16.37 and a beta of 0.95. Suzano has a 12 month low of $8.78 and a 12 month high of $12.98. The firm’s fifty day moving average is $10.28 and its 200 day moving average is $9.87.

Suzano Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a $0.3366 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th. Suzano’s payout ratio is presently 42.86%.

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.