Short Interest in Cosan S.A. (NYSE:CSAN) Declines By 8.5%

Cosan S.A. (NYSE:CSAN) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,720,000 shares, a drop of 8.5% from the January 15th total of 1,880,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Ratings Changes

A number of brokerages have weighed in on CSAN. UBS Group raised shares of Cosan to a “strong-buy” rating in a report on Friday, October 25th. Citigroup reaffirmed a “buy” rating and set a $19.00 price objective on shares of Cosan in a research report on Monday, December 23rd.

Hedge Funds Weigh In On Cosan

Several hedge funds and other institutional investors have recently modified their holdings of CSAN. BNP Paribas Financial Markets acquired a new stake in shares of Cosan in the 4th quarter worth about $27,000. Cubist Systematic Strategies LLC bought a new position in Cosan in the 4th quarter worth about $41,000. Blue Trust Inc. increased its stake in shares of Cosan by 217.1% in the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock valued at $44,000 after purchasing an additional 3,059 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Cosan by 181.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock valued at $53,000 after buying an additional 6,311 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Cosan by 405.1% during the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after buying an additional 4,646 shares during the period.

Cosan Stock Performance

NYSE:CSAN opened at $5.52 on Wednesday. The business has a 50 day simple moving average of $5.45 and a 200 day simple moving average of $7.56. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86. Cosan has a 12-month low of $4.95 and a 12-month high of $15.25.

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.