Sasol Limited (NYSE:SSL) Short Interest Up 35.6% in August

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.

Several large investors have recently bought and sold shares of the company. ARGA Investment Management LP grew its holdings in shares of Sasol by 151.1% during the second quarter. ARGA Investment Management LP now owns 872,209 shares of the oil and gas company’s stock valued at $21,674,000 after buying an additional 524,818 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Sasol by 0.3% during the second quarter. Bamco Inc. NY now owns 823,390 shares of the oil and gas company’s stock valued at $20,461,000 after buying an additional 2,760 shares during the last quarter. Morgan Stanley grew its holdings in shares of Sasol by 2,535.4% during the second quarter. Morgan Stanley now owns 492,399 shares of the oil and gas company’s stock valued at $12,237,000 after buying an additional 473,715 shares during the last quarter. Pzena Investment Management LLC grew its holdings in shares of Sasol by 8.5% during the second quarter. Pzena Investment Management LLC now owns 128,636 shares of the oil and gas company’s stock valued at $3,197,000 after buying an additional 10,110 shares during the last quarter. Finally, Pillar Pacific Capital Management LLC grew its holdings in shares of Sasol by 3.9% during the second quarter. Pillar Pacific Capital Management LLC now owns 116,089 shares of the oil and gas company’s stock valued at $2,885,000 after buying an additional 4,305 shares during the last quarter. Hedge funds and other institutional investors own 2.21% of the company’s stock.

About Sasol

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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