Cosan S.A. (NYSE:CSAN) Short Interest Update

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

Cosan Stock Up 2.5 %

CSAN traded up $0.14 during trading on Wednesday, hitting $5.62. 436,559 shares of the company’s stock were exchanged, compared to its average volume of 695,582. Cosan has a fifty-two week low of $4.54 and a fifty-two week high of $13.50. The stock has a market cap of $2.62 billion, a P/E ratio of 4.27, a PEG ratio of 3.94 and a beta of 1.33. The business’s 50 day moving average is $5.22 and its two-hundred day 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 Investors Weigh In On Cosan

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new stake in Cosan in the 4th quarter valued at $1,054,000. Quantinno Capital Management LP purchased a new stake in shares of Cosan in the fourth quarter valued at about $149,000. Naman Capital Ltda bought a new position in shares of Cosan during the fourth quarter valued at about $1,479,000. Millennium Management LLC grew its position in Cosan by 142.8% in the 4th quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock worth $1,984,000 after purchasing an additional 214,485 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in Cosan in the 4th quarter worth about $87,000.

Wall Street Analysts Forecast Growth

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