Sasol Limited (OTCMKTS:SASOF – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 173,455 shares, a growth of 1,192.8% from the April 15th total of 13,417 shares. Based on an average daily volume of 225 shares, the days-to-cover ratio is presently 770.9 days.
Sasol Price Performance
Shares of Sasol stock remained flat at $13.23 during trading hours on Wednesday. The stock’s 50-day moving average is $11.57 and its two-hundred day moving average is $8.31. Sasol has a 1 year low of $3.48 and a 1 year high of $13.70.
Sasol Company Profile
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.
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