Santos Limited (OTCMKTS:SSLZY) Short Interest Up 76.1% in May

Santos Limited (OTCMKTS:SSLZY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 208,716 shares, a growth of 76.1% from the April 30th total of 118,521 shares. Based on an average daily volume of 165,339 shares, the days-to-cover ratio is presently 1.3 days.

Santos Price Performance

SSLZY stock remained flat at $5.65 on Tuesday. The company had a trading volume of 177,587 shares, compared to its average volume of 101,129. The company has a fifty day moving average of $5.62 and a two-hundred day moving average of $4.94. Santos has a 52-week low of $3.91 and a 52-week high of $5.92.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded Santos from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Santos presently has an average rating of “Buy” and a consensus target price of $7.30.

About Santos

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.