Short Interest in Cosan S.A. (NYSE:CSAN) Decreases By 6.9%

Cosan S.A. (NYSE:CSAN) was the recipient of a significant decline in short interest in 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 days-to-cover ratio is presently 2.6 days.

Institutional Investors Weigh In On Cosan

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in Cosan by 2.5% in the first quarter. Renaissance Technologies LLC now owns 5,187,782 shares of the company’s stock worth $61,320,000 after buying an additional 126,402 shares in the last quarter. Martin Currie Ltd. grew its holdings in shares of Cosan by 6.5% during the 3rd quarter. Martin Currie Ltd. now owns 2,722,425 shares of the company’s stock worth $36,998,000 after acquiring an additional 166,456 shares during the period. Bank of America Corp DE raised its position in shares of Cosan by 14.3% in the 1st quarter. Bank of America Corp DE now owns 848,202 shares of the company’s stock worth $10,026,000 after acquiring an additional 106,364 shares in the last quarter. Itau Unibanco Holding S.A. raised its position in shares of 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 acquiring an additional 285,241 shares in the last quarter. Finally, Optiver Holding B.V. raised its position in shares of Cosan by 10.7% in the 4th quarter. Optiver Holding B.V. now owns 364,105 shares of the company’s stock worth $5,702,000 after acquiring an additional 35,232 shares in the last quarter.

Cosan Stock Performance

CSAN stock opened at $11.15 on Tuesday. The firm’s 50-day moving average price is $13.48 and its two-hundred day moving average price is $14.04. Cosan has a 12-month low of $10.99 and a 12-month high of $17.50.

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.