Short Interest in Cosan S.A. (NYSE:CSAN) Declines By 8.5%

Cosan S.A. (NYSE:CSAN) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,720,000 shares, a decrease 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 presently 1.6 days.

Analysts Set New Price Targets

A number of research firms have commented on CSAN. UBS Group raised shares of Cosan to a “strong-buy” rating in a research report on Friday, October 25th. Citigroup reiterated a “buy” rating and set a $19.00 price target on shares of Cosan in a report on Monday, December 23rd.

Institutional Investors Weigh In On Cosan

Several large investors have recently made changes to their positions in CSAN. Itau Unibanco Holding S.A. boosted its stake in Cosan by 28.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company’s stock worth $7,670,000 after purchasing an additional 320,000 shares during the period. Moon Capital Management LP boosted its stake in shares of Cosan by 32.5% in the 4th quarter. Moon Capital Management LP now owns 1,217,023 shares of the company’s stock valued at $6,621,000 after purchasing an additional 298,593 shares in the last quarter. Citadel Advisors LLC grew its position in Cosan by 1,204.6% during the 4th quarter. Citadel Advisors LLC now owns 498,181 shares of the company’s stock worth $2,710,000 after acquiring an additional 459,995 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Cosan by 826.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company’s stock valued at $2,401,000 after purchasing an additional 393,784 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Cosan by 142.8% in the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock valued at $1,984,000 after acquiring an additional 214,485 shares in the last quarter.

Cosan Trading Up 7.4 %

Cosan stock traded up $0.38 during mid-day trading on Monday, reaching $5.44. The stock had a trading volume of 1,488,930 shares, compared to its average volume of 1,122,403. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31. Cosan has a fifty-two week low of $4.95 and a fifty-two week high of $15.25. The stock’s 50-day simple moving average is $5.47 and its 200-day simple moving average is $7.58.

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.