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

Sasol Limited (OTCMKTS:SASOF) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 585,300 shares, an increase of 58.2% from the October 15th total of 369,900 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is presently 216.8 days.

Sasol Price Performance

Sasol stock opened at $5.04 on Friday. The stock has a 50-day moving average price of $6.64 and a 200 day moving average price of $7.02. Sasol has a 52 week low of $5.04 and a 52 week high of $12.64.

Sasol Company Profile

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.