Sasol Limited (NYSE:SSL) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 842,900 shares, an increase of 35.6% from the July 31st total of 621,400 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 255,100 shares, the short-interest ratio is presently 3.3 days.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC purchased a new stake in shares of Sasol in the first quarter worth $46,000. O Shaughnessy Asset Management LLC purchased a new position in Sasol during the first quarter valued at $83,000. BNP Paribas Arbitrage SA grew its stake in Sasol by 174.9% during the first quarter. BNP Paribas Arbitrage SA now owns 3,104 shares of the oil and gas company’s stock valued at $96,000 after acquiring an additional 1,975 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in Sasol during the second quarter valued at $80,000. Finally, NumerixS Investment Technologies Inc grew its stake in Sasol by 123.5% during the first quarter. NumerixS Investment Technologies Inc now owns 3,800 shares of the oil and gas company’s stock valued at $118,000 after acquiring an additional 2,100 shares in the last quarter. 2.21% of the stock is owned by hedge funds and other institutional investors.
SSL has been the subject of a number of analyst reports. ValuEngine raised shares of Sasol from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Macquarie cut shares of Sasol from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 22nd. UBS Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 3rd. HSBC cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, Zacks Investment Research cut shares of Sasol from a “hold” rating to a “strong sell” rating in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.75.
Shares of NYSE SSL traded down $0.12 during midday trading on Friday, reaching $18.95. The stock had a trading volume of 371,656 shares, compared to its average volume of 222,054. The stock has a 50-day moving average of $19.15 and a 200-day moving average of $26.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 1.57. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.64 and a beta of 1.01. Sasol has a 12-month low of $16.92 and a 12-month high of $39.64.
Sasol Company Profile
Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.
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