Sasol Limited (OTCMKTS:SASOF – Get Free Report) was the recipient of a significant increase in short interest in 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 daily volume of 1 shares, the days-to-cover ratio is presently 59,168.0 days.
Sasol Price Performance
Shares of SASOF stock remained flat at $13.23 on Thursday. The business has a 50 day moving average price of $13.24 and a two-hundred day moving average price of $9.39. Sasol has a 1-year low of $3.48 and a 1-year high of $13.70.
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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