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

Cosan S.A. Sponsored ADR (NYSE:CSAN) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,930,000 shares, an increase of 47.7% from the September 30th total of 2,660,000 shares. Based on an average trading volume of 1,790,000 shares, the short-interest ratio is currently 2.2 days. Currently, 0.8% of the shares of the company are short sold. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 1,790,000 shares, the short-interest ratio is currently 2.2 days.

Analysts Set New Price Targets

CSAN has been the subject of a number of research analyst reports. Zacks Research cut Cosan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Wall Street Zen raised Cosan from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research report on Wednesday, October 8th. HSBC reissued a “reduce” rating and set a $4.40 price target on shares of Cosan in a research report on Monday, September 22nd. Finally, Hsbc Global Res raised Cosan to a “moderate sell” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $9.47.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC lifted its stake in shares of Cosan by 4.2% in the 2nd quarter. Jane Street Group LLC now owns 95,992 shares of the company’s stock valued at $485,000 after acquiring an additional 3,866 shares during the last quarter. Clear Harbor Asset Management LLC lifted its stake in shares of Cosan by 12.7% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 44,500 shares of the company’s stock valued at $225,000 after acquiring an additional 5,000 shares during the last quarter. Virtus Investment Advisers LLC lifted its stake in shares of Cosan by 21.8% in the 2nd quarter. Virtus Investment Advisers LLC now owns 32,492 shares of the company’s stock valued at $164,000 after acquiring an additional 5,820 shares during the last quarter. FORA Capital LLC bought a new position in shares of Cosan in the 1st quarter valued at $58,000. Finally, Ballentine Partners LLC bought a new position in shares of Cosan in the 2nd quarter valued at $64,000.

Cosan Price Performance

NYSE CSAN traded down $0.29 on Tuesday, hitting $4.32. 2,435,777 shares of the company’s stock were exchanged, compared to its average volume of 1,498,991. The stock has a 50-day moving average of $4.72 and a 200-day moving average of $4.92. The company has a current ratio of 2.13, a quick ratio of 1.98 and a debt-to-equity ratio of 1.88. Cosan has a 52 week low of $3.80 and a 52 week high of $8.64. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -4.76 and a beta of 1.01.

Cosan (NYSE:CSAN) last released its earnings results on Thursday, August 14th. The company reported ($0.36) earnings per share for the quarter. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $7.12 billion. Analysts expect that Cosan will post 0.2 earnings per share for the current year.

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.