The stock last traded at $8.14 which is slightly above the 50 day moving average which is $7.48 and just a bit higher than the 200 day moving average of $7.55. The 50 day moving average moved up $0.66 and the 200 day average was up $0.59. Trading volume for Cosan Limited Class A was 57K in the last trading session. Overall, volume was down 94.18% under the stocks normal daily volume.
Traders are feeling more bearish on the company recently looking at the rise in short interest. The stock realized a rise in short interest between July 31, 2017 and August 15, 2017 of 10.78%. Short shares grew from 1,333,464 to 1,477,177 over that timeframe. Days to cover increased 2.0 to 2.0 and the short interest percentage is 0.01% as of August 15.
These funds have shifted positions in (CZZ). Investec Asset Management North America, Inc. augmented its position by buying 127,394 shares an increase of 10.4%. Investec Asset Management North America, Inc. controls 1,351,921 shares worth $8,666,000. The total value of its holdings decreased 17.1%. As of quarter end Cubist Systematic Strategies, LLC had sold 2,317 shares trimming its stake by 5.1%. The value of the investment in (CZZ) decreased from $385,000 to $274,000 a change of $111,000 for the reporting period.
Trexquant Investment Lp expanded its ownership by buying 6,420 shares an increase of 25.4% as of 06/30/2017. Trexquant Investment Lp claims 31,720 shares valued at $203,000. The value of the position overall is down by 6.0%. Jane Street Group, LLC trimmed its stake by shedding 11,148 shares a decrease of 41.9% from 03/31/2017 to 06/30/2017. Jane Street Group, LLC now controls 15,483 shares with a value of $99,000. The total value of its holdings decreased 56.4%.
The company is so far trading up by 0.87% percent from yesterday’s close. The company recently declared a dividend paid on Friday the 26th of May 2017. The dividend was $0.020 per share for the quarter or $0.08 on an annualized basis. This dividend amount represented a yeild of $0.93. The ex-dividend date was Tuesday the 16th of May 2017.
Cosan Limited Class A’s P/E ratio is 74.00 and the market cap is 2.15B.
Cosan Limited (Cosan), launched on April 30, 2007, is a holding company. The Business’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Lubricants and Other business. The Business’s other business includes 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 S.A. (Rumo), logistic segment (Logistic). The Company is also engaged in production and distribution of lubricants, through its indirect subsidiaries Cosan Lubrificantes e Especialidades S.A. (Moove) and Comma Oil & Chemicals Ltd. (Comma), under the Mobil licensed trademark in Brazil, Bolivia, Uruguay and Paraguay, in addition to the European and Asian market using the Comma brand and corporate activities (Lubricants). The Company also holds interests in two joint ventures (JVs): Raizen Combustiveis S.A. (Raizen Combustiveis), a fuel distribution business, and Raizen Energia S.A. (Raizen Energia), which operates in the production and marketing of sugar, ethanol and energy cogeneration, produced from sugar cane bagasse..