Sasol Limited (NYSE:SSL – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 444,300 shares, an increase of 25.9% from the April 15th total of 352,900 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 335,600 shares, the short-interest ratio is currently 1.3 days.
NYSE:SSL traded up $0.53 during mid-day trading on Thursday, hitting $24.39. 2,502 shares of the stock traded hands, compared to its average volume of 319,763. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 1.43. Sasol has a 52 week low of $12.74 and a 52 week high of $25.90. The firm’s 50 day moving average is $24.16 and its two-hundred day moving average is $20.80.
SSL has been the topic of several analyst reports. StockNews.com began coverage on Sasol in a research note on Thursday, March 31st. They set a “buy” rating on the stock. The Goldman Sachs Group raised Sasol from a “neutral” rating to a “buy” rating in a research report on Thursday, March 24th. Finally, Zacks Investment Research downgraded Sasol from a “buy” rating to a “hold” rating in a research report on Saturday, April 16th.
About Sasol (Get Rating)
Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada, and Gabon.
- Get a free copy of the StockNews.com research report on Sasol (SSL)
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