Sasol Limited (OTCMKTS:SASOF – Get Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 241,186 shares, an increase 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 presently 228.2 days.
Sasol Stock Performance
OTCMKTS:SASOF remained flat at $10.56 during trading hours on Friday. The business has a fifty day moving average of $12.15 and a 200 day moving average of $10.02. Sasol has a 52 week low of $4.50 and a 52 week high of $13.70.
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.
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