Short Interest in Santos Limited (OTCMKTS:SSLZY) Declines By 46.9%

Santos Limited (OTCMKTS:SSLZY) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 118,521 shares, a decline of 46.9% from the April 15th total of 223,067 shares. Based on an average trading volume of 185,510 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded shares of Santos from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $7.30.

Santos Stock Performance

OTCMKTS:SSLZY opened at $5.72 on Friday. Santos has a 12 month low of $3.91 and a 12 month high of $5.91. The company’s 50-day moving average price is $5.55 and its two-hundred day moving average price is $4.81.

About Santos

Santos Limited (OTCMKTS:SSLZY) is an independent exploration and production company headquartered in Adelaide, Australia. Established in 1954, the firm focuses on the development, production and marketing of natural gas, liquefied natural gas (LNG), condensate and crude oil. Santos operates a diversified portfolio of upstream assets that span conventional and unconventional resources, with an emphasis on long-life reserves and high-value gas projects.

The company’s core activities encompass the exploration for hydrocarbon resources, project development and operational management of producing fields.