Santos Limited (OTCMKTS:SSLZY) Sees Large Drop in Short Interest

Santos Limited (OTCMKTS:SSLZY) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 65,408 shares, a drop of 70.8% from the October 15th total of 223,823 shares. Based on an average trading volume of 164,135 shares, the days-to-cover ratio is presently 0.4 days.

Santos Trading Down 1.5%

Santos stock traded down $0.09 during midday trading on Friday, reaching $5.99. 131,658 shares of the company’s stock were exchanged, compared to its average volume of 146,335. Santos has a 52 week low of $3.91 and a 52 week high of $9.35. The stock’s 50-day simple moving average is $6.33 and its 200 day simple moving average is $5.67.

About Santos

Santos Limited is an Australian energy company engaged in the exploration, development, production and processing of oil and natural gas. Its portfolio includes natural gas, liquefied natural gas (LNG), crude oil and condensate, with products supplied to domestic and international energy markets. Founded in 1954 and headquartered in Adelaide, South Australia, Santos has historically operated across several Australian basins, including the Cooper, Carnarvon, Browse and Bonaparte basins. Its activities include the Gladstone LNG project in Queensland, Darwin LNG in the Northern Territory and the Moomba gas and processing operations in South Australia.