Cosan Limited (CZZ) Short Interest Down 43.7% in November
Cosan Limited (NYSE:CZZ) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 2,291,285 shares, a decrease of 43.7% from the October 31st total of 4,068,635 shares. Based on an average daily volume of 1,253,339 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.5% of the shares of the stock are sold short.
A number of equities analysts recently issued reports on the stock. BidaskClub cut shares of Cosan from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Morgan Stanley cut shares of Cosan from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Cosan from a “sell” rating to a “strong-buy” rating and set a $10.00 price target for the company in a research report on Friday, October 20th. Credit Suisse Group raised shares of Cosan from a “neutral” rating to an “outperform” rating in a research note on Monday, October 9th. Finally, ValuEngine lowered shares of Cosan from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Cosan has a consensus rating of “Buy” and an average price target of $10.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of CZZ. GSA Capital Partners LLP lifted its position in Cosan by 1,049.6% during the third quarter. GSA Capital Partners LLP now owns 129,905 shares of the basic materials company’s stock valued at $1,056,000 after purchasing an additional 118,605 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Cosan by 144.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 104,674 shares of the basic materials company’s stock worth $851,000 after acquiring an additional 61,913 shares in the last quarter. Jane Street Group LLC increased its holdings in Cosan by 203.2% in the 3rd quarter. Jane Street Group LLC now owns 46,944 shares of the basic materials company’s stock worth $382,000 after acquiring an additional 31,461 shares in the last quarter. PEAK6 Investments L.P. increased its holdings in Cosan by 101.8% in the 3rd quarter. PEAK6 Investments L.P. now owns 43,145 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 21,770 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Cosan during the 3rd quarter valued at $961,000. Institutional investors and hedge funds own 41.86% of the company’s stock.
Cosan Company Profile
Cosan Limited (Cosan) is a holding company. The Company’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Lubricants and Other business. The Company’s other business include other investments, in addition to the corporate activities. The Company offers Logistics services, including transportation, port loading and storage of sugar, leasing or lending of locomotives, wagons and other railway equipment, through its subsidiaries Rumo Logistica Operadora Multimodal SA (Rumo), logistic segment (Logistic).
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