Cosan S.A. (NYSE:CSAN) Short Interest Up 22.1% in February

Cosan S.A. (NYSE:CSAN) was the recipient of a large growth in short interest in the month of 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 trading volume, of 1,170,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.6% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “buy” rating and issued a $19.00 target price on shares of Cosan in a research note on Monday, December 23rd.

Cosan Price Performance

Shares of CSAN stock opened at $5.66 on Thursday. The stock’s fifty day simple moving average is $5.22 and its 200 day simple moving average is $6.88. Cosan has a one year low of $4.54 and a one year high of $13.50. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 4.28, a P/E/G ratio of 3.94 and a beta of 1.33. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73.

Institutional Investors Weigh In On Cosan

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP grew its position in Cosan by 33.3% during the 4th quarter. Quantbot Technologies LP now owns 13,495 shares of the company’s stock worth $73,000 after acquiring an additional 3,373 shares during the last quarter. US Bancorp DE grew its holdings in 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 acquiring an additional 4,646 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Cosan in the 4th quarter valued at about $27,000. FMR LLC raised its stake in shares of Cosan by 114.3% in the third quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after acquiring an additional 5,775 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Cosan by 181.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock worth $53,000 after purchasing an additional 6,311 shares in the last quarter.

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.