Cosan S.A. (NYSE:CSAN - Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 1,360,000 shares, a drop of 52.9% from the March 31st total of 2,890,000 shares. Approximately 0.3% of the company's shares are sold short. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Investors Weigh In On Cosan
A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in shares of Cosan in the fourth quarter worth $27,000. GAMMA Investing LLC lifted its holdings in Cosan by 799.4% during the 1st quarter. GAMMA Investing LLC now owns 5,747 shares of the company's stock worth $30,000 after buying an additional 5,108 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Cosan in the 4th quarter valued at about $41,000. PNC Financial Services Group Inc. increased its stake in shares of 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 during the period. Finally, Invesco Ltd. bought a new position in shares of Cosan during the fourth quarter worth about $58,000.
Cosan Trading Up 6.0 %
Shares of NYSE:CSAN traded up $0.32 during midday trading on Friday, hitting $5.67. 1,286,411 shares of the stock were exchanged, compared to its average volume of 807,826. The business's 50-day moving average price is $5.10 and its 200 day moving average price is $5.92. Cosan has a 12 month low of $4.31 and a 12 month high of $11.60. 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 stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 4.30, a P/E/G ratio of 3.94 and a beta of 1.11.
Cosan Company Profile
(
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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.
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