Cosan Ltd (NYSE:CZZ) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,254,600 shares, a decline of 18.4% from the May 30th total of 1,536,700 shares. Based on an average trading volume of 747,100 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.4% of the company’s shares are sold short.

Several hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Cosan during the 4th quarter worth $39,643,000. FMR LLC increased its position in Cosan by 86,343.8% during the 4th quarter. FMR LLC now owns 1,590,566 shares of the basic materials company’s stock valued at $13,997,000 after buying an additional 1,588,726 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Cosan by 90.8% in the first quarter. JPMorgan Chase & Co. now owns 1,951,346 shares of the basic materials company’s stock valued at $22,616,000 after purchasing an additional 928,498 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Cosan in the first quarter valued at about $8,897,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Cosan in the fourth quarter worth about $5,142,000. Institutional investors and hedge funds own 22.84% of the company’s stock.

Shares of CZZ stock traded up $0.01 during mid-day trading on Thursday, hitting $14.41. The stock had a trading volume of 904,723 shares, compared to its average volume of 1,010,457. Cosan has a 12-month low of $6.20 and a 12-month high of $14.65. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 14.41 and a beta of 1.33. The stock has a 50-day moving average of $12.95. The company has a quick ratio of 1.62, a current ratio of 1.73 and a debt-to-equity ratio of 1.67.

Cosan (NYSE:CZZ) last issued its earnings results on Wednesday, May 15th. The basic materials company reported $0.21 earnings per share for the quarter. Cosan had a return on equity of 7.65% and a net margin of 5.92%. The business had revenue of $1.25 billion during the quarter. Sell-side analysts predict that Cosan will post 0.87 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Monday, April 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.92.

Cosan Company Profile

Cosan Limited, together with its subsidiaries, engages in fuel and natural gas distribution, logistics, lubricant, sugar and ethanol businesses primarily in Brazil and internationally. The company's RaĆ­zen Energia produces and markets products derived from sugar cane, including raw sugar, anhydrous, and hydrated ethanol, as well as activities related to energy cogeneration from sugarcane bagasse.

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