Sasol Limited (OTCMKTS:SASOF – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 19,704 shares, a decline of 66.7% from the May 31st total of 59,168 shares. Based on an average daily volume of 193 shares, the days-to-cover ratio is presently 102.1 days.
Sasol Stock Performance
Shares of SASOF remained flat at $10.56 during mid-day trading on Friday. The business has a 50-day moving average price of $12.64 and a two-hundred day moving average price of $9.72. Sasol has a one year low of $4.50 and a one year high of $13.70.
Sasol Company Profile
Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. Established in the early 1950s to develop synthetic fuels from coal, the company has since expanded its portfolio to encompass a wide range of chemical and energy products. Through its coal-to-liquids and gas-to-liquids technologies, Sasol produces transport fuels, base chemicals and industrial solvents, serving both domestic and international markets.
The company’s core business activities are organized into two primary segments: Chemicals and Energy.
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