Cosan Limited (CZZ) Short Interest Down 34.8% in August

Cosan Limited (NYSE:CZZ) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 962,696 shares, a drop of 34.8% from the August 15th total of 1,477,177 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 1,091,002 shares, the short-interest ratio is currently 0.9 days.

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Cosan Limited by 23.6% in the 2nd quarter. Renaissance Technologies LLC now owns 10,185,699 shares of the basic materials company’s stock worth $65,290,000 after acquiring an additional 1,947,500 shares during the period. Prudential PLC lifted its stake in shares of Cosan Limited by 18.4% in the 2nd quarter. Prudential PLC now owns 7,445,135 shares of the basic materials company’s stock worth $47,723,000 after acquiring an additional 1,155,649 shares during the period. Investec Asset Management LTD lifted its stake in shares of Cosan Limited by 3.8% in the 1st quarter. Investec Asset Management LTD now owns 5,409,598 shares of the basic materials company’s stock worth $46,198,000 after acquiring an additional 198,536 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cosan Limited by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,408,160 shares of the basic materials company’s stock worth $21,846,000 after acquiring an additional 243,761 shares during the period. Finally, Pictet Asset Management Ltd. lifted its stake in shares of Cosan Limited by 1.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 3,193,543 shares of the basic materials company’s stock worth $22,610,000 after acquiring an additional 45,185 shares during the period. 43.22% of the stock is owned by institutional investors.

CZZ has been the subject of a number of research reports. ValuEngine downgraded shares of Cosan Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 6th. BidaskClub upgraded shares of Cosan Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Cosan Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, UBS AG upgraded shares of Cosan Limited from a “neutral” rating to a “buy” rating in a research report on Thursday, June 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Cosan Limited currently has a consensus rating of “Buy” and a consensus target price of $8.75.

Cosan Limited (NYSE:CZZ) opened at 8.29 on Monday. The stock has a market capitalization of $2.19 billion, a PE ratio of 76.06 and a beta of 2.31. The stock’s 50 day moving average is $7.70 and its 200-day moving average is $7.51. Cosan Limited has a 52 week low of $5.63 and a 52 week high of $9.50.

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Cosan Limited 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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