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

Cosan S.A. (NYSE:CSAN) was the recipient of a significant growth in short interest in the month of 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 volume of 1,170,000 shares, the days-to-cover ratio is presently 1.9 days.

Cosan Stock Performance

Shares of CSAN traded down $0.03 during trading hours on Thursday, hitting $4.93. The stock had a trading volume of 319,259 shares, compared to its average volume of 1,122,993. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 3.73, a PEG ratio of 3.94 and a beta of 1.33. 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 firm has a 50-day moving average price of $5.28 and a 200 day moving average price of $7.22. Cosan has a fifty-two week low of $4.54 and a fifty-two week high of $13.52.

Institutional Investors Weigh In On Cosan

Hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. raised its holdings in Cosan by 142,193.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock worth $10,828,000 after purchasing an additional 1,131,863 shares during the period. Citadel Advisors LLC lifted its position in shares of Cosan by 1,204.6% during the 4th quarter. Citadel Advisors LLC now owns 498,181 shares of the company’s stock valued at $2,710,000 after buying an additional 459,995 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Cosan by 826.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company’s stock valued at $2,401,000 after acquiring an additional 393,784 shares during the period. Moon Capital Management LP increased its holdings in Cosan by 32.5% in the 4th quarter. Moon Capital Management LP now owns 1,217,023 shares of the company’s stock worth $6,621,000 after acquiring an additional 298,593 shares in the last quarter. Finally, Naman Capital Ltda acquired a new position in Cosan during the fourth quarter worth $1,479,000.

Analyst Ratings Changes

Separately, Citigroup reissued 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.