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

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

Cosan Stock Down 0.6 %

Shares of NYSE:CSAN traded down $0.04 during midday trading on Tuesday, hitting $5.47. The stock had a trading volume of 1,049,187 shares, compared to its average volume of 695,944. The company has a market cap of $2.55 billion, a P/E ratio of 4.14, a PEG ratio of 3.94 and a beta of 1.33. Cosan has a 12 month low of $4.54 and a 12 month high of $13.50. The business’s 50-day simple moving average is $5.22 and its 200-day simple moving average is $6.89. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CSAN. Point72 Asset Management L.P. bought a new position in Cosan during the fourth quarter worth about $1,054,000. Quantinno Capital Management LP acquired a new stake in shares of Cosan in the fourth quarter valued at approximately $149,000. Naman Capital Ltda bought a new position in shares of Cosan during the 4th quarter worth approximately $1,479,000. Millennium Management LLC increased its holdings in shares of Cosan by 142.8% during the 4th quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock worth $1,984,000 after acquiring an additional 214,485 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in Cosan in the 4th quarter valued at $87,000.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “buy” rating and issued a $19.00 target price on shares of Cosan in a research report 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.