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

Cosan S.A. (NYSE:CSAN - Get Free Report) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,720,000 shares, a drop of 8.5% from the January 15th total of 1,880,000 shares. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is currently 1.6 days.

Cosan Price Performance

CSAN stock traded down $0.15 during midday trading on Friday, reaching $5.13. 419,819 shares of the company's stock traded hands, compared to its average volume of 1,164,104. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31. The business has a 50-day moving average price of $5.41 and a two-hundred day moving average price of $7.53. Cosan has a fifty-two week low of $4.95 and a fifty-two week high of $14.89.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group raised Cosan to a "strong-buy" rating in a report on Friday, October 25th. Citigroup reaffirmed a "buy" rating and issued a $19.00 price target on shares of Cosan in a report on Monday, December 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CSAN. Blue Trust Inc. increased its stake in shares of Cosan by 217.1% in the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company's stock valued at $44,000 after buying an additional 3,059 shares during the period. BNP Paribas Financial Markets bought a new position in Cosan in the 4th quarter valued at about $27,000. US Bancorp DE grew its position in shares of Cosan by 405.1% during the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company's stock worth $55,000 after purchasing an additional 4,646 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Cosan during the fourth quarter worth about $41,000. Finally, PNC Financial Services Group Inc. boosted its stake in Cosan by 181.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company's stock valued at $53,000 after buying an additional 6,311 shares in the last quarter.

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.