Cosan S.A. (NYSE:CSAN) Short Interest Down 8.5% in January

Cosan S.A. (NYSE:CSAN) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,720,000 shares, a decrease 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 presently 1.6 days.

Hedge Funds Weigh In On Cosan

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new stake in Cosan during the fourth quarter valued at approximately $27,000. Cubist Systematic Strategies LLC bought a new position in shares of Cosan in the fourth quarter valued at $41,000. Blue Trust Inc. lifted its position in shares of Cosan by 217.1% during the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock valued at $44,000 after acquiring an additional 3,059 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Cosan by 181.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock worth $53,000 after acquiring an additional 6,311 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Cosan by 405.1% in the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after acquiring an additional 4,646 shares during the last quarter.

Cosan Stock Performance

Shares of CSAN stock opened at $5.52 on Wednesday. The stock has a 50-day simple moving average of $5.45 and a 200 day simple moving average of $7.56. Cosan has a fifty-two week low of $4.95 and a fifty-two week high of $15.25. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31.

Analyst Ratings Changes

Several research firms have commented on CSAN. UBS Group raised shares of Cosan to a “strong-buy” rating in a research note on Friday, October 25th. Citigroup reiterated a “buy” rating and issued a $19.00 price objective on shares of Cosan in a report on Monday, December 23rd.

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.