Cosan S.A. (NYSE:CSAN) Short Interest Up 22.1% in February

Cosan S.A. (NYSE:CSAN) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 2,710,000 shares, a growth of 22.1% from the February 13th total of 2,220,000 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 1,170,000 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. boosted its stake in shares of Cosan by 28.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company’s stock valued at $7,670,000 after purchasing an additional 320,000 shares during the last quarter. Moon Capital Management LP boosted its stake in Cosan by 32.5% in the fourth quarter. Moon Capital Management LP now owns 1,217,023 shares of the company’s stock valued at $6,621,000 after acquiring an additional 298,593 shares during the last quarter. Citadel Advisors LLC boosted its stake in Cosan by 1,204.6% in the fourth quarter. Citadel Advisors LLC now owns 498,181 shares of the company’s stock valued at $2,710,000 after acquiring an additional 459,995 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Cosan by 826.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company’s stock worth $2,401,000 after acquiring an additional 393,784 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Cosan by 142.8% in the 4th quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock worth $1,984,000 after purchasing an additional 214,485 shares during the last quarter.

Cosan Price Performance

Shares of NYSE CSAN traded down $0.04 during trading on Tuesday, reaching $5.47. The company had a trading volume of 1,049,187 shares, compared to its average volume of 695,944. Cosan has a 52 week low of $4.54 and a 52 week high of $13.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86. The business’s 50 day moving average price is $5.22 and its 200-day moving average price is $6.89. The stock has a market cap of $2.55 billion, a PE ratio of 4.14, a PEG ratio of 3.94 and a beta of 1.33.

Wall Street Analyst Weigh In

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

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.