Sasol Limited (OTCMKTS:SASOF – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 59,168 shares, an increase of 705.4% from the May 14th total of 7,346 shares. Based on an average trading volume of 1 shares, the days-to-cover ratio is currently 59,168.0 days.
Sasol Price Performance
SASOF opened at $13.23 on Friday. Sasol has a 52 week low of $3.48 and a 52 week high of $13.70. The business’s fifty day simple moving average is $13.23 and its 200 day simple moving average is $9.44.
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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