Santos Limited (OTCMKTS:SSLZY) Sees Large Drop in Short Interest

Santos Limited (OTCMKTS:SSLZY) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 223,823 shares, a decline of 83.7% from the September 30th total of 1,369,687 shares. Based on an average daily volume of 147,849 shares, the days-to-cover ratio is presently 1.5 days.

Santos Price Performance

OTCMKTS SSLZY opened at $6.42 on Thursday. The business has a 50 day simple moving average of $6.32 and a 200 day simple moving average of $5.56. Santos has a 52-week low of $3.91 and a 52-week high of $9.35.

Santos Company Profile

Santos Limited is an Australian energy company engaged in the exploration, development, production and sale of natural gas, liquefied natural gas (LNG), crude oil and related products. The company supplies energy to domestic markets and international customers, with natural gas and LNG representing important parts of its business.

Founded in 1954 and headquartered in Adelaide, South Australia, Santos operates a portfolio of upstream and midstream assets across Australia and Papua New Guinea.