Cosan Limited (CZZ) : 1 days before expiry, shorts in Cosan Limited (CZZ) have reduced from 1,114,478 on Jul 29, 2016, to 917,765 on August 15, 2016. On an average, 850,652 shares are traded on the exchange. The outstanding bearish positions are equal to 0.6% of the float. Short sellers have covered -196,713 shares, a reduction of -17.7%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Cosan Limited (NYSE:CZZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.83 and $6.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.87, notching a gain of 0.29% for the day. The total traded volume was 688,683 . The stock had closed at $6.85 on the previous day.
Cosan Limited (Cosan) is a holding company. The Company operates through its subsidiaries: Cosan S.A. Industria e Comercio (Cosan S.A.) and Cosan Logistica S.A. (Cosan Log). The Company operates in segments: Raizen Energia S.A. (Raizen Energia), Raizen Combustiveis S.A. (Raizen Combustiveis), Companhia de Gas de Sao Paulo COMGAS (COMGAS), Cosan Log, Radar Propriedades Agricolas S.A. (Radar) and Lubricants. The Company is engaged in the production and marketing of a various products derived from sugar cane, including raw sugar (VHP), anhydrous and hydrated ethanol. It is engaged in the distribution and marketing of fuels. It is engaged in the distribution of piped natural gas to part of the State of Sao Paulo. It also provides logistics services for transport, storage and port loading of commodities, for sugar products. It is engaged in the purchase, sale and leasing of agricultural land, and also engaged in the production and distribution of lubricants.