Cosan S.A. Sponsored ADR (NYSE:CSAN) Short Interest Down 45.6% in July

Cosan S.A. Sponsored ADR (NYSE:CSAN) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 2,234,518 shares, a decline of 45.6% from the June 30th total of 4,109,799 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,027,373 shares, the short-interest ratio is currently 2.2 days.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of Cosan to a “hold” rating in a research report on Tuesday, May 26th. Citigroup raised shares of Cosan to a “hold” rating in a report on Monday, June 29th. HSBC downgraded shares of Cosan from a “hold” rating to a “reduce” rating and dropped their price objective for the stock from $5.00 to $3.20 in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cosan in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded shares of Cosan to a “hold” rating in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Cosan presently has an average rating of “Reduce” and a consensus target price of $3.85.

Cosan Stock Performance

Shares of NYSE:CSAN traded down $0.04 during trading on Wednesday, hitting $3.06. 1,045,669 shares of the stock were exchanged, compared to its average volume of 2,074,877. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -1.25 and a beta of 0.72. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.76 and a current ratio of 1.87. Cosan has a 1-year low of $2.52 and a 1-year high of $6.01. The company’s fifty day simple moving average is $2.97 and its 200-day simple moving average is $3.82.

Insider Activity at Cosan

In other news, Director Rubens Ometto Silveira Mello sold 77,640 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.44, for a total transaction of $267,081.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marcelo Eduardo Martins purchased 2,441,528 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $5.14 per share, with a total value of $12,549,453.92. Following the completion of the acquisition, the chief executive officer owned 4,890,286 shares of the company’s stock, valued at approximately $25,136,070.04. The trade was a 99.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Institutional Investors Weigh In On Cosan

A number of institutional investors have recently bought and sold shares of the business. UBS Group AG raised its stake in shares of Cosan by 36.9% in the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock valued at $13,797,000 after buying an additional 941,548 shares in the last quarter. Tejara Capital Ltd acquired a new stake in shares of Cosan during the 4th quarter valued at about $1,386,000. Monaco Asset Management SAM boosted its position in shares of Cosan by 200.5% during the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after acquiring an additional 2,004,813 shares in the last quarter. SG Americas Securities LLC bought a new stake in Cosan in the fourth quarter valued at about $746,000. Finally, Patriot Financial Group Insurance Agency LLC raised its position in Cosan by 115.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock worth $728,000 after purchasing an additional 94,605 shares in the last quarter.

Cosan Company Profile

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.