Sasol Limited (NYSE:SSL) Short Interest Up 18.3% in July

Sasol Limited (NYSE:SSLGet Rating) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,050,000 shares, an increase of 18.3% from the June 30th total of 887,800 shares. Based on an average daily volume of 305,700 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.2% of the shares of the company are sold short.

Sasol Stock Up 0.8 %

Shares of NYSE:SSL opened at $20.15 on Friday. The stock has a 50 day moving average of $22.87 and a 200 day moving average of $23.23. The company has a current ratio of 1.43, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57. Sasol has a 12-month low of $12.74 and a 12-month high of $28.36.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SSL. upgraded Sasol from a “hold” rating to a “buy” rating in a research note on Friday, July 8th. Morgan Stanley downgraded Sasol from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SSL. Quadrant Capital Group LLC grew its stake in shares of Sasol by 22.4% during the 1st quarter. Quadrant Capital Group LLC now owns 3,651 shares of the oil and gas company’s stock valued at $88,000 after acquiring an additional 667 shares during the period. Prospera Financial Services Inc purchased a new position in Sasol in the 1st quarter worth approximately $126,000. Fox Run Management L.L.C. purchased a new position in Sasol in the 4th quarter worth approximately $183,000. Exane Derivatives purchased a new position in Sasol in the 1st quarter worth approximately $207,000. Finally, NorthCrest Asset Manangement LLC purchased a new position in Sasol in the 1st quarter worth approximately $207,000. 1.44% of the stock is currently owned by institutional investors.

About Sasol

(Get Rating)

Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada, and Gabon.

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