Sasol Limited (OTCMKTS:SASOF – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 204,049 shares, a decline of 44.8% from the July 15th total of 369,443 shares. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is presently 17.6 days.
Sasol Price Performance
SASOF stock opened at $11.50 on Wednesday. Sasol has a 12-month low of $4.94 and a 12-month high of $13.70. The stock’s 50 day simple moving average is $11.13 and its 200 day simple moving average is $10.98.
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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