Cosan S.A. (NYSE:CSAN) Short Interest Up 99.0% in September

Cosan S.A. (NYSE:CSAN) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,040,000 shares, a growth of 99.0% from the August 31st total of 522,700 shares. Based on an average daily volume of 497,900 shares, the short-interest ratio is presently 2.1 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Redwood Wealth Management Group LLC bought a new position in shares of Cosan in the 2nd quarter worth approximately $26,000. SPX Gestao de Recursos Ltda bought a new position in shares of Cosan in the 4th quarter worth approximately $76,000. XTX Topco Ltd bought a new position in shares of Cosan in the 2nd quarter worth approximately $115,000. Signaturefd LLC raised its position in shares of Cosan by 2,736.9% in the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock worth $116,000 after acquiring an additional 11,495 shares in the last quarter. Finally, Creative Planning raised its position in shares of Cosan by 187.1% in the 2nd quarter. Creative Planning now owns 55,071 shares of the company’s stock worth $536,000 after acquiring an additional 35,892 shares in the last quarter.

Cosan Price Performance

CSAN traded up $0.18 during midday trading on Friday, reaching $9.67. 979,027 shares of the company’s stock traded hands, compared to its average volume of 402,030. The firm has a fifty day moving average of $9.55 and a two-hundred day moving average of $10.53. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.31. Cosan has a 52 week low of $8.69 and a 52 week high of $16.45.

Cosan (NYSE:CSAN) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter. The business had revenue of $2.05 billion during the quarter. On average, equities analysts anticipate that Cosan will post 0.31 earnings per share for the current fiscal year.

Cosan Company Profile

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company's Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.