Short Interest in Santos Limited (OTCMKTS:SSLZY) Decreases By 66.6%

Santos Limited (OTCMKTS:SSLZY) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 17,469 shares, a decline of 66.6% from the November 30th total of 52,341 shares. Based on an average daily volume of 222,073 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 222,073 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of research firms recently commented on SSLZY. Royal Bank Of Canada cut Santos from an “outperform” rating to a “sector perform” rating in a report on Friday, December 5th. Wall Street Zen upgraded Santos to a “hold” rating in a research note on Sunday, October 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Santos Stock Performance

OTCMKTS:SSLZY remained flat at $4.09 during mid-day trading on Friday. The company had a trading volume of 73,001 shares, compared to its average volume of 216,998. Santos has a 1-year low of $3.17 and a 1-year high of $5.38. The stock’s fifty day moving average price is $4.20 and its 200-day moving average price is $4.66.

Santos Company Profile

Santos Limited (OTCMKTS:SSLZY) is an independent exploration and production company headquartered in Adelaide, Australia. Established in 1954, the firm focuses on the development, production and marketing of natural gas, liquefied natural gas (LNG), condensate and crude oil. Santos operates a diversified portfolio of upstream assets that span conventional and unconventional resources, with an emphasis on long-life reserves and high-value gas projects.

The company’s core activities encompass the exploration for hydrocarbon resources, project development and operational management of producing fields.