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

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

Santos Trading Up 2.0%

Shares of Santos stock opened at $5.72 on Friday. The firm’s 50-day simple moving average is $5.55 and its 200-day simple moving average is $4.81. Santos has a twelve month low of $3.91 and a twelve month high of $5.91.

Analyst Ratings Changes

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 analysts have rated the stock with a Buy rating, According to data from MarketBeat, Santos has a consensus rating of “Buy” and an average price target of $7.30.

Santos Company Profile

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.