Cosan S.A. (NYSE:CSAN) Short Interest Update

Cosan S.A. (NYSE:CSAN) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,220,000 shares, a growth of 29.1% from the January 31st total of 1,720,000 shares. Based on an average trading volume of 1,170,000 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Cosan

Several large investors have recently modified their holdings of CSAN. Creative Planning raised its position in Cosan by 4.8% in the 3rd quarter. Creative Planning now owns 57,692 shares of the company’s stock valued at $552,000 after purchasing an additional 2,621 shares during the last quarter. Quantbot Technologies LP increased its stake in Cosan by 33.3% in the fourth quarter. Quantbot Technologies LP now owns 13,495 shares of the company’s stock valued at $73,000 after purchasing an additional 3,373 shares during the period. US Bancorp DE raised its holdings in shares of Cosan by 405.1% in the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after buying an additional 4,646 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Cosan during the fourth quarter worth about $27,000. Finally, FMR LLC grew its holdings in shares of Cosan by 114.3% during the third quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after buying an additional 5,775 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “buy” rating and issued a $19.00 target price on shares of Cosan in a research report on Monday, December 23rd.

Cosan Stock Performance

Shares of NYSE CSAN traded down $0.03 during trading hours on Thursday, reaching $4.93. The stock had a trading volume of 319,259 shares, compared to its average volume of 1,122,993. The firm has a 50-day moving average of $5.28 and a 200-day moving average of $7.22. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 3.73, a PEG ratio of 3.94 and a beta of 1.33. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31. Cosan has a fifty-two week low of $4.54 and a fifty-two week high of $13.52.

Cosan Company Profile

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.