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

Cosan S.A. (NYSE:CSAN) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 872,400 shares, a decrease of 5.2% from the May 15th total of 920,400 shares. Based on an average daily volume of 405,700 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On Cosan

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC bought a new position in Cosan in the fourth quarter worth $27,000. Tower Research Capital LLC TRC purchased a new stake in shares of Cosan in the fourth quarter worth $27,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Cosan in the fourth quarter worth $76,000. O Shaughnessy Asset Management LLC grew its stake in shares of Cosan by 22.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 13,086 shares of the company’s stock worth $178,000 after acquiring an additional 2,411 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Cosan in the fourth quarter worth $397,000.

Cosan Price Performance

NYSE:CSAN opened at $9.21 on Tuesday. Cosan has a fifty-two week low of $9.06 and a fifty-two week high of $17.50. The business has a 50 day moving average price of $10.92 and a 200-day moving average price of $13.18.

Cosan Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.3469 per share. This represents a dividend yield of 3.2%. The ex-dividend date is Monday, June 10th.

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.