Santos Limited (OTCMKTS:SSLZY – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 118,521 shares, a decrease of 46.9% from the April 15th total of 223,067 shares. Based on an average daily trading volume, of 185,510 shares, the days-to-cover ratio is presently 0.6 days.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada raised Santos from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Santos presently has a consensus rating of “Buy” and an average price target of $7.30.
Get Our Latest Stock Analysis on SSLZY
Santos Trading Up 3.0%
About Santos
Santos Limited (OTCMKTS:SSLZY) is an independent exploration and production company headquartered in Adelaide, Australia. Established in 1954, the firm focuses on the development, production and marketing of natural gas, liquefied natural gas (LNG), condensate and crude oil. Santos operates a diversified portfolio of upstream assets that span conventional and unconventional resources, with an emphasis on long-life reserves and high-value gas projects.
The company’s core activities encompass the exploration for hydrocarbon resources, project development and operational management of producing fields.
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