Cosan S.A. Sponsored ADR (NYSE:CSAN) Sees Significant Decline in Short Interest

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

Wall Street Analysts Forecast Growth

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 given a Sell rating to the stock. According to data from MarketBeat, Cosan presently has an average rating of “Reduce” and an average price target of $4.75.

Cosan Stock Performance

Shares of NYSE CSAN traded down $0.27 during mid-day trading on Friday, hitting $3.43. 5,249,437 shares of the company were exchanged, compared to its average volume of 1,906,696. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01. The stock has a 50 day simple moving average of $4.13 and a 200-day simple moving average of $4.39. Cosan has a 1-year low of $3.30 and a 1-year high of $6.25. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -1.39 and a beta of 0.82.

Cosan (NYSE:CSAN) last issued its quarterly earnings results on Saturday, February 14th. The company reported ($1.61) earnings per share for the quarter. Cosan had a negative return on equity of 13.94% and a negative net margin of 32.24%.The company had revenue of $1.74 billion for the quarter.

Institutional Investors Weigh In On Cosan

Hedge funds and other institutional investors have recently bought and sold shares of the business. SmartHarvest Portfolios LLC acquired a new stake in Cosan in the first quarter valued at $46,000. Caitong International Asset Management Co. Ltd acquired a new stake in Cosan in the fourth quarter valued at $46,000. Tuttle Capital Management LLC acquired a new stake in Cosan in the fourth quarter valued at $51,000. Blue Trust Inc. lifted its holdings in Cosan by 12,141.9% in the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after acquiring an additional 12,749 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new stake in Cosan in the fourth quarter valued at $53,000.

About Cosan

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.