Sasol Limited (OTCMKTS:SASOF – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 59,168 shares, an increase of 705.4% from the May 14th total of 7,346 shares. Based on an average daily trading volume, of 1 shares, the short-interest ratio is currently 59,168.0 days.
Sasol Stock Performance
Shares of Sasol stock remained flat at $13.23 during mid-day trading on Wednesday. The stock has a 50-day moving average price of $13.25 and a 200-day moving average price of $9.35. Sasol has a 12 month low of $3.48 and a 12 month high of $13.70.
About Sasol
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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