Fibria Celulose S.A. (NYSE:FBR) Traded Well Above Its 50 Day Average


Company shares are trading at $16.40 much higher than $14.25, the 50 day moving average and which is significantly above the 200 day moving average of $11.50. The 50 day moving average went up by +15.08% and the 200 day average moved up $4.90. Fibria Celulose S.A. shares had a trading volume of 29K on Tuesday. Shares saw a steep decrease in trading volume of 98.58% under the normal average daily volume.

Traders are a little more bearish on Fibria Celulose S.A. of late as implied by the increase in short interest. The company recorded a rise in short interest of 45.61% as of September 29, 2017 from the last reporting period. Short interest increased from 3,588,026 to 5,224,453 over that timeframe. With short interest at 5,224,453 and short average daily volume at 1,872,829, days to cover is 3.0 and the percentage of shorted shares was 0.01% on September 29.

The following firms have recently changed their position in FBR. As of the end of the quarter Sensato Investors LLC had bought 93,300 shares growing its position 346.8%. The value of the investment in Fibria Celulose S.A. went from $246,000 to $1,221,000 a change of 396.3% since the last quarter. Eqis Capital Management, Inc. downsized its holdings by shedding 1,672 shares a decrease of 5.8%. Eqis Capital Management, Inc. now controls 27,307 shares with a value of $370,000. The total value of its holdings increased 25.9%.

Cutler Group LP reduced its position by selling 100 shares a decrease of 5.6% as of 09/30/2017. Cutler Group LP now holds 1,688 shares worth $22,000. The value of the position overall is up by 22.2%. As of quarter end Advisory Services Network, LLC had disposed of a total of 5,586 shares trimming its holdings by 5.2%. The value of the company’s investment in Fibria Celulose S.A. increased from $1,093,000 to $1,380,000 a change of $287,000 for the reporting period.

On August 14, 2017 the stock rating was set at “Buy” by Citigroup a boost from the previous “Neutral” rating.

Fibria Celulose S.A. (Fibria), launched on July 25, 1941, is a forestry company, which is involved in the production of eucalyptus pulp. The Company is involved in the production and sale of short fiber pulp from its pulp production facilities located in the cities of Aracruz (State of Espirito Santo), Tres Lagoas (State of Mato Grosso do Sul), Jacarei (State of Sao Paulo) and Eunapolis (State of Bahia). The Business’s activities are focused on the growth of renewable and forests, and the manufacture and sale of bleached eucalyptus kraft pulp. The Company operates in the global forest products market. The Company also maintains the Veracel project in the State, which has approximately 92,000 hectares of eucalyptus plantations and over 114,000 hectares of environmentally protected area. Its Mato Grosso do Sul complex covers approximately 225,000 hectares of planted eucalyptus and approximately 99,000 hectares of protected forest..