Sasol Ltd. (NYSE:SSL) Short Interest Update

Sasol Ltd. (NYSE:SSL) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,003,147 shares, a drop of 21.8% from the February 26th total of 3,840,469 shares. Based on an average daily volume of 3,478,767 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. The Goldman Sachs Group lowered Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Wall Street Zen raised shares of Sasol from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, January 21st. UBS Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, March 5th. Finally, Zacks Research upgraded shares of Sasol from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Sasol Trading Down 0.4%

Shares of SSL opened at $12.72 on Friday. Sasol has a 52 week low of $2.78 and a 52 week high of $13.02. The stock’s 50-day moving average price is $8.92 and its 200-day moving average price is $7.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.66.

Institutional Investors Weigh In On Sasol

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC increased its holdings in shares of Sasol by 75.7% during the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock valued at $6,135,000 after purchasing an additional 624,911 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Sasol by 1,627.3% during the third quarter. JPMorgan Chase & Co. now owns 1,025,934 shares of the oil and gas company’s stock worth $6,381,000 after buying an additional 966,539 shares in the last quarter. American Century Companies Inc. boosted its holdings in Sasol by 25.5% during the second quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company’s stock worth $3,936,000 after buying an additional 180,827 shares in the last quarter. UBS Group AG grew its position in Sasol by 52.0% during the fourth quarter. UBS Group AG now owns 835,052 shares of the oil and gas company’s stock valued at $5,436,000 after buying an additional 285,807 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Sasol by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 680,048 shares of the oil and gas company’s stock valued at $4,426,000 after buying an additional 6,109 shares during the period. Institutional investors and hedge funds own 1.21% of the company’s stock.

About Sasol

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.