Sasol Limited (OTCMKTS:SASOF) Sees Significant Drop in Short Interest

Sasol Limited (OTCMKTS:SASOFGet Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 7,346 shares, a drop of 95.8% from the April 30th total of 173,455 shares. Based on an average daily trading volume, of 64 shares, the days-to-cover ratio is presently 114.8 days.

Sasol Price Performance

SASOF stock remained flat at $13.23 during trading on Friday. Sasol has a one year low of $3.48 and a one year high of $13.70. The firm has a 50 day moving average price of $12.70 and a two-hundred day moving average price of $8.97.

Sasol Company Profile

(Get Free Report)

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. Established in the early 1950s to develop synthetic fuels from coal, the company has since expanded its portfolio to encompass a wide range of chemical and energy products. Through its coal-to-liquids and gas-to-liquids technologies, Sasol produces transport fuels, base chemicals and industrial solvents, serving both domestic and international markets.

The company’s core business activities are organized into two primary segments: Chemicals and Energy.

Further Reading

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