Sasol Ltd. (NYSE:SSL) Sees Significant Decrease in Short Interest

Sasol Ltd. (NYSE:SSL) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 3,840,469 shares, a decrease of 24.1% from the February 12th total of 5,061,947 shares. Based on an average daily volume of 2,626,650 shares, the short-interest ratio is presently 1.5 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 2,626,650 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, January 21st. The Goldman Sachs Group lowered Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. UBS Group cut Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, March 5th. Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Sasol in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Sasol Trading Up 4.4%

Shares of NYSE SSL traded up $0.50 during mid-day trading on Monday, hitting $11.81. The company had a trading volume of 4,113,810 shares, compared to its average volume of 2,421,154. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53. Sasol has a 1-year low of $2.78 and a 1-year high of $11.86. The business’s 50-day simple moving average is $7.80 and its 200 day simple moving average is $6.91.

Institutional Investors Weigh In On Sasol

A number of hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. purchased a new position in shares of Sasol in the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Sasol by 232.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock worth $36,000 after buying an additional 3,920 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Sasol by 347.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 6,957 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Sasol in the second quarter valued at approximately $52,000. Finally, GAMMA Investing LLC lifted its stake in Sasol by 107.9% in the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 4,482 shares during the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Company Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.