Cosan S.A. (NYSE:CSAN) Short Interest Up 5.9% in October

Cosan S.A. (NYSE:CSAN) saw a significant increase in short interest in the month of 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.

Cosan Stock Performance

CSAN traded down $0.32 during trading on Friday, hitting $14.62. 165,853 shares of the company traded hands, compared to its average volume of 372,513. The stock’s 50-day simple moving average is $13.63 and its two-hundred day simple moving average is $14.21. Cosan has a 1 year low of $10.13 and a 1 year high of $17.50.

Analyst Ratings Changes

A number of brokerages recently weighed in on CSAN. TheStreet downgraded shares of Cosan from a “c-” rating to a “d+” rating in a research report on Friday, October 27th. HSBC upgraded shares of Cosan from a “reduce” rating to a “hold” rating in a research report on Tuesday, October 24th.

Hedge Funds Weigh In On Cosan

Large investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Cosan by 8.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,179 shares of the company’s stock valued at $197,000 after purchasing an additional 1,039 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Cosan by 32.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,027 shares of the company’s stock valued at $67,000 after acquiring an additional 1,227 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Cosan by 17.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,076 shares of the company’s stock valued at $150,000 after acquiring an additional 1,511 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Cosan by 24.2% in the 2nd quarter. Citigroup Inc. now owns 9,051 shares of the company’s stock valued at $135,000 after acquiring an additional 1,764 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Cosan by 18.5% in the 4th quarter. UBS Group AG now owns 12,245 shares of the company’s stock valued at $160,000 after acquiring an additional 1,913 shares during the last quarter.

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.