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

Cosan S.A. (NYSE:CSAN) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 599,800 shares, an increase of 5.9% from the October 15th total of 566,400 shares. Based on an average daily volume of 274,000 shares, the short-interest ratio is presently 2.2 days.

Institutional Investors Weigh In On Cosan

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in Cosan by 2.5% during the first quarter. Renaissance Technologies LLC now owns 5,187,782 shares of the company’s stock valued at $61,320,000 after purchasing an additional 126,402 shares during the last quarter. Martin Currie Ltd. lifted its holdings in Cosan by 6.5% in the 3rd quarter. Martin Currie Ltd. now owns 2,722,425 shares of the company’s stock worth $36,998,000 after purchasing an additional 166,456 shares during the last quarter. Bank of America Corp DE raised its position in shares of Cosan by 14.3% in the first quarter. Bank of America Corp DE now owns 848,202 shares of the company’s stock valued at $10,026,000 after purchasing an additional 106,364 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Cosan in the first quarter worth $6,463,000. Finally, Itau Unibanco Holding S.A. grew its position in shares of Cosan by 251.6% in the third quarter. Itau Unibanco Holding S.A. now owns 398,619 shares of the company’s stock valued at $5,417,000 after purchasing an additional 285,241 shares during the last quarter.

Cosan Stock Down 2.1 %

Shares of NYSE:CSAN traded down $0.32 during mid-day trading on Friday, hitting $14.62. The stock had a trading volume of 165,789 shares, compared to its average volume of 372,513. Cosan has a 12-month low of $10.13 and a 12-month high of $17.50. The company’s 50 day moving average is $13.62 and its 200-day moving average is $14.19.

Cosan (NYSE:CSAN) last posted its quarterly earnings results on Monday, August 14th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.21. The company had revenue of $2.02 billion for the quarter. As a group, research analysts expect that Cosan will post -0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CSAN shares. TheStreet cut shares of Cosan from a “c-” rating to a “d+” rating in a research report on Friday, October 27th. HSBC upgraded Cosan from a “reduce” rating to a “hold” rating in a research report on Tuesday, October 24th.

Cosan Company Profile

Cosan SA engages in the fuel distribution business in Brazil, Europe, Latin America, North America, Asia, and internationally. The company's Raízen segment distributes and markets fuels through a franchised network of service stations under the Shell brand; engages in the petroleum refining; operation of convenience stores; manufacture and sale of automotive and industrial lubricants; and production and sale of liquefied petroleum gas.