Short Interest in Sasol Limited (OTCMKTS:SASOF) Expands By 1,124.0%

Sasol Limited (OTCMKTS:SASOF) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 241,186 shares, a growth of 1,124.0% from the June 15th total of 19,704 shares. Based on an average daily volume of 1,057 shares, the short-interest ratio is currently 228.2 days.

Sasol Stock Performance

Shares of OTCMKTS SASOF remained flat at $10.56 during midday trading on Friday. Sasol has a 12-month low of $4.50 and a 12-month high of $13.70. The firm has a 50-day moving average price of $12.15 and a two-hundred day moving average price of $10.02.

About Sasol

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.