Santos Limited (OTCMKTS:SSLZY) Short Interest Up 236.9% in September

Santos Limited (OTCMKTS:SSLZY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 69,400 shares, a growth of 236.9% from the August 31st total of 20,600 shares. Based on an average trading volume of 91,600 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 91,600 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised Santos to an “outperform” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Santos Stock Down 1.6%

SSLZY stock opened at $4.43 on Friday. Santos has a 1 year low of $3.17 and a 1 year high of $5.38. The stock’s 50 day moving average price is $4.99 and its 200 day moving average price is $4.53.

Santos Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 9th will be paid a $0.0134 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a yield of 417.0%.

Santos Company Profile

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Cooper Basin, Queensland and NSW, Papua New Guinea, Western Australia, Northern Australia and Timor-Leste. It also holds an asset in Alaska, the United States; and engages in the development of decarbonization technologies, such as carbon capture and storage technologies.