Cosan S.A. (NYSE:CSAN) Short Interest Up 56.7% in September

Cosan S.A. (NYSE:CSAN) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,630,000 shares, an increase of 56.7% from the September 15th total of 1,040,000 shares. Based on an average daily trading volume, of 540,300 shares, the days-to-cover ratio is currently 3.0 days.

Cosan Price Performance

Shares of NYSE CSAN traded up $0.14 during mid-day trading on Monday, hitting $8.76. 461,822 shares of the stock traded hands, compared to its average volume of 413,713. Cosan has a twelve month low of $8.47 and a twelve month high of $16.45. The firm has a 50 day simple moving average of $9.52 and a two-hundred day simple moving average of $10.23. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68. The company has a market cap of $4.09 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of 8.42 and a beta of 1.41.

Cosan (NYSE:CSAN) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $2.05 billion during the quarter. As a group, equities research analysts forecast that Cosan will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Cosan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Redwood Wealth Management Group LLC bought a new position in shares of Cosan during the second quarter worth about $26,000. XTX Topco Ltd acquired a new stake in Cosan during the 2nd quarter valued at approximately $115,000. Signaturefd LLC lifted its position in shares of Cosan by 2,736.9% in the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock worth $116,000 after purchasing an additional 11,495 shares during the period. Creative Planning increased its position in shares of Cosan by 187.1% during the second quarter. Creative Planning now owns 55,071 shares of the company’s stock worth $536,000 after buying an additional 35,892 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in Cosan during the fourth quarter worth $635,000.

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.