Sasol Limited (OTCMKTS:SASOF) Sees Large Decline in Short Interest

Sasol Limited (OTCMKTS:SASOF) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,003 shares, a drop of 99.7% from the August 31st total of 304,576 shares. Based on an average daily trading volume, of 21 shares, the short-interest ratio is presently 47.8 days.

Sasol Stock Performance

Shares of OTCMKTS SASOF opened at $10.72 on Friday. Sasol has a one year low of $4.94 and a one year high of $13.70. The business has a 50-day moving average price of $11.14 and a two-hundred day moving average price of $11.65.

About Sasol

Sasol Limited is a South African integrated chemicals and energy company headquartered in Johannesburg. Founded in 1950, the company developed expertise in converting coal and other feedstocks into fuels and chemical products and continues to use proprietary Fischer-Tropsch and related technologies in its operations.

Sasol produces and markets a broad range of chemicals, including solvents, alcohols, surfactants, waxes, phenolics, ammonia and other chemical intermediates. Its energy activities include the production and marketing of liquid fuels, gas and related energy products, while its chemical products serve industries such as mining, agriculture, automotive, construction, consumer goods and personal care.

The company serves customers in South Africa and international markets, with operations and commercial activities extending across regions including North America, Europe and Asia.