Cosan S.A. Sponsored ADR (NYSE:CSAN) Short Interest Down 54.5% in April

Cosan S.A. Sponsored ADR (NYSE:CSAN) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,629,981 shares, a decrease of 54.5% from the April 15th total of 3,581,144 shares. Based on an average trading volume of 1,972,992 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Cosan

Several institutional investors have recently bought and sold shares of CSAN. Monaco Asset Management SAM lifted its position in Cosan by 200.5% during the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after purchasing an additional 2,004,813 shares during the last quarter. UBS Group AG lifted its position in Cosan by 36.9% during the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock valued at $13,797,000 after purchasing an additional 941,548 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in Cosan by 5,210.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after purchasing an additional 761,968 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Cosan by 1,312.8% in the 4th quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock worth $2,325,000 after acquiring an additional 547,051 shares during the last quarter. Finally, Tejara Capital Ltd bought a new stake in shares of Cosan in the 4th quarter worth about $1,386,000.

Cosan Price Performance

Shares of NYSE:CSAN traded down $0.27 during midday trading on Friday, reaching $3.43. 5,249,437 shares of the company were exchanged, compared to its average volume of 1,772,910. Cosan has a one year low of $3.30 and a one year high of $6.25. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. The business’s fifty day moving average is $4.13 and its two-hundred day moving average is $4.39. The stock has a market cap of $3.40 billion, a PE ratio of -1.39 and a beta of 0.82.

Cosan (NYSE:CSAN) last released its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) EPS for the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.95%. The business had revenue of $1.74 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $4.75.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.