Sasol Limited (OTCMKTS:SASOF) Sees Significant Growth in Short Interest

Sasol Limited (OTCMKTS:SASOF) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 531,200 shares, an increase of 21.6% from the February 13th total of 436,700 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 590.2 days.

Sasol Price Performance

Shares of SASOF stock traded up $0.10 during trading hours on Tuesday, reaching $4.07. 1,465 shares of the company’s stock were exchanged, compared to its average volume of 3,340. The stock’s fifty day moving average price is $4.54 and its two-hundred day moving average price is $5.49. Sasol has a 1 year low of $3.97 and a 1 year high of $8.74.

About Sasol

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.