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

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

Cosan Stock Down 0.7 %

NYSE CSAN traded down $0.04 on Tuesday, hitting $4.72. The stock had a trading volume of 1,117,115 shares, compared to its average volume of 1,147,065. The business’s fifty day moving average price is $5.30 and its 200 day moving average price is $7.23. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73. Cosan has a 52-week low of $4.54 and a 52-week high of $13.52. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 3.57, a price-to-earnings-growth ratio of 3.94 and a beta of 1.34.

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.

Hedge Funds Weigh In On Cosan

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

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.