Cosan S.A. Sponsored ADR (NYSE:CSAN) Short Interest Down 54.5% in April

Cosan S.A. Sponsored ADR (NYSE:CSAN) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,629,981 shares, a drop of 54.5% from the April 15th total of 3,581,144 shares. Based on an average trading volume of 1,972,992 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $4.75.

Cosan Stock Down 7.2%

NYSE CSAN traded down $0.27 during trading on Friday, reaching $3.43. 5,249,437 shares of the company’s stock were exchanged, compared to its average volume of 1,772,910. Cosan has a fifty-two week low of $3.30 and a fifty-two week high of $6.25. The firm has a market capitalization of $3.40 billion, a PE ratio of -1.22 and a beta of 0.82. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. The company’s fifty day simple moving average is $4.13 and its 200-day simple moving average is $4.39.

Cosan (NYSE:CSAN) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.32) earnings per share for the quarter. Cosan had a negative return on equity of 13.95% and a negative net margin of 32.24%.The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.55 billion.

Institutional Investors Weigh In On Cosan

A number of hedge funds and other institutional investors have recently made changes to their positions in CSAN. Monaco Asset Management SAM raised its stake in shares of Cosan by 200.5% during the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after purchasing an additional 2,004,813 shares in the last quarter. UBS Group AG raised its stake in shares of Cosan by 36.9% during the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after purchasing an additional 941,548 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Cosan by 5,210.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock worth $3,068,000 after purchasing an additional 761,968 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Cosan by 1,312.8% during the 4th quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock worth $2,325,000 after purchasing an additional 547,051 shares in the last quarter. Finally, Tejara Capital Ltd purchased a new stake in shares of Cosan during the 4th quarter worth about $1,386,000.

Cosan Company Profile

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.