Sasol Limited (NYSE:SSL – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,490,000 shares, an increase of 24.7% from the October 15th total of 3,600,000 shares. Based on an average daily volume of 806,900 shares, the short-interest ratio is currently 5.6 days.
Sasol Price Performance
Shares of SSL stock traded up $0.06 on Friday, hitting $5.24. 833,031 shares of the company’s stock were exchanged, compared to its average volume of 1,101,708. The company has a 50 day moving average of $6.45 and a 200 day moving average of $7.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. Sasol has a 12 month low of $5.14 and a 12 month high of $12.58.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SSL. O Shaughnessy Asset Management LLC raised its holdings in Sasol by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 1,900 shares during the last quarter. CWM LLC lifted its holdings in shares of Sasol by 62.7% in the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 2,087 shares in the last quarter. Van ECK Associates Corp lifted its stake in Sasol by 7.4% during the 2nd quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company’s stock valued at $281,000 after acquiring an additional 2,535 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Sasol by 6.3% during the second quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company’s stock worth $440,000 after purchasing an additional 3,416 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Sasol by 247.6% in the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 3,454 shares in the last quarter. Institutional investors own 1.21% of the company’s stock.
Analyst Ratings Changes
Sasol Company Profile
Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.
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