Cosan S.A. (NYSE:CSAN) Sees Significant Increase in Short Interest

Cosan S.A. (NYSE:CSAN) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,220,000 shares, an increase of 29.1% from the January 31st total of 1,720,000 shares. Based on an average daily volume of 1,170,000 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of Cosan

Several institutional investors and hedge funds have recently modified their holdings of CSAN. Creative Planning raised its stake in shares of Cosan by 4.8% during the third quarter. Creative Planning now owns 57,692 shares of the company’s stock valued at $552,000 after acquiring an additional 2,621 shares in the last quarter. US Bancorp DE raised its stake in shares of Cosan by 405.1% during the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after acquiring an additional 4,646 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Cosan in the third quarter worth approximately $808,000. Dynamic Technology Lab Private Ltd bought a new position in Cosan in the third quarter worth approximately $228,000. Finally, Quantbot Technologies LP bought a new position in Cosan in the third quarter worth approximately $97,000.

Analyst Upgrades and Downgrades

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

Cosan Trading Down 0.7 %

Shares of Cosan stock traded down $0.04 on Tuesday, hitting $4.72. 1,117,115 shares of the company traded hands, compared to its average volume of 1,147,065. The stock’s 50 day moving average price is $5.30 and its 200-day moving average price is $7.23. 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 52 week low of $4.54 and a 52 week high of $13.52. The company has a market cap of $2.20 billion, a PE ratio of 3.57, a PEG ratio of 3.94 and a beta of 1.34.

About Cosan

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.