Cosan (NYSE:CSAN) Sees Unusually-High Trading Volume

Cosan S.A. (NYSE:CSAN) shares saw unusually-strong trading volume on Monday . Approximately 250,679 shares changed hands during mid-day trading, a decline of 22% from the previous session’s volume of 320,571 shares.The stock last traded at $11.46 and had previously closed at $11.56.

Cosan Stock Up 0.3 %

The stock has a 50-day moving average of $12.34 and a 200 day moving average of $13.87.

Institutional Trading of Cosan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSAN. GAMMA Investing LLC bought a new position in Cosan during the fourth quarter worth about $27,000. Tower Research Capital LLC TRC bought a new position in shares of Cosan during the 4th quarter valued at about $27,000. SPX Gestao de Recursos Ltda bought a new position in shares of Cosan during the 4th quarter valued at about $76,000. O Shaughnessy Asset Management LLC lifted its stake in Cosan by 22.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 13,086 shares of the company’s stock valued at $178,000 after acquiring an additional 2,411 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Cosan in the 4th quarter valued at approximately $397,000.

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.