Sasol Limited (OTCMKTS:SASOF – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 1,706 shares, a growth of 70.1% from the September 15th total of 1,003 shares. Based on an average daily volume of 109 shares, the short-interest ratio is presently 15.7 days.
Sasol Trading Up 11.6%
OTCMKTS:SASOF opened at $14.67 on Thursday. Sasol has a one year low of $4.94 and a one year high of $14.67. The stock has a 50-day simple moving average of $11.51 and a 200 day simple moving average of $11.98.
About Sasol
Sasol Limited is an integrated chemicals and energy company headquartered in Johannesburg, South Africa. Founded in 1950, the company developed expertise in converting coal and other feedstocks into synthetic fuels and chemical products using proprietary Fischer–Tropsch technology.
Sasol’s business activities include the production and marketing of fuels, chemical feedstocks, specialty chemicals, solvents, polymers, mining products and related industrial materials. Its products serve industries such as automotive, construction, consumer goods, agriculture, mining and manufacturing.
The company operates primarily in South Africa and serves customers in international markets through its global sales, manufacturing and research activities.
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