Santos Limited (OTCMKTS:STOSF) Sees Significant Increase in Short Interest

Santos Limited (OTCMKTS:STOSF) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 6,031,000 shares, a growth of 26.6% from the July 31st total of 4,762,300 shares. Based on an average daily volume of 19,200 shares, the short-interest ratio is currently 314.1 days.

Santos Stock Performance

Shares of STOSF stock remained flat at $4.92 on Friday. Santos has a twelve month low of $4.40 and a twelve month high of $5.50. The firm’s 50-day moving average is $4.99 and its 200-day moving average is $4.95.

About Santos

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.