Sasol Limited (NYSE:SSL) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 842,900 shares, an increase of 35.6% from the July 31st total of 621,400 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 255,100 shares, the days-to-cover ratio is presently 3.3 days.
A number of equities research analysts have weighed in on SSL shares. ValuEngine upgraded shares of Sasol from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Citigroup cut shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, May 23rd. Macquarie cut shares of Sasol from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 22nd. HSBC cut shares of Sasol from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. cut shares of Sasol from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Sasol has an average rating of “Hold” and a consensus target price of $20.75.
SSL traded down $0.12 during midday trading on Friday, reaching $18.95. The company’s stock had a trading volume of 371,656 shares, compared to its average volume of 222,054. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.64 and a beta of 1.01. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. Sasol has a 1 year low of $16.92 and a 1 year high of $39.64. The stock’s 50-day moving average is $19.15 and its 200-day moving average is $26.18.
Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.
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