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

Cosan S.A. (NYSE:CSAN) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 715,200 shares, a decline of 6.9% from the March 15th total of 768,500 shares. Based on an average trading volume of 273,900 shares, the short-interest ratio is presently 2.6 days.

Cosan Trading Up 1.9 %

NYSE:CSAN opened at $10.92 on Thursday. Cosan has a 1 year low of $10.70 and a 1 year high of $17.50. The firm has a 50 day moving average of $13.32 and a 200-day moving average of $14.00. The stock has a market capitalization of $4.18 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CSAN. Itau Unibanco Holding S.A. raised its position in Cosan by 251.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 398,619 shares of the company’s stock worth $5,417,000 after purchasing an additional 285,241 shares during the last quarter. Bank of America Corp DE raised its position in Cosan by 27.7% in the 1st quarter. Bank of America Corp DE now owns 797,696 shares of the company’s stock worth $15,794,000 after purchasing an additional 173,208 shares during the last quarter. Martin Currie Ltd. raised its position 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. Optiver Holding B.V. raised its position in Cosan by 98.5% in the 3rd quarter. Optiver Holding B.V. now owns 328,873 shares of the company’s stock worth $4,469,000 after purchasing an additional 163,209 shares during the last quarter. Finally, Norges Bank bought a new position in Cosan in the 4th quarter worth approximately $1,697,000.

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.