Sasol Limited (OTCMKTS:SASOF – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 19,704 shares, a drop 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 currently 102.1 days.
Sasol Stock Performance
Sasol stock remained flat at $10.56 during mid-day trading on Tuesday. Sasol has a one year low of $4.50 and a one year high of $13.70. The business’s fifty day simple moving average is $12.59 and its two-hundred day simple moving average is $9.77.
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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