Sasol Limited (NYSE:SSL) Sees Significant Increase in Short Interest

Sasol Limited (NYSE:SSL) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 4,490,000 shares, a growth of 24.7% from the October 15th total of 3,600,000 shares. Based on an average daily trading volume, of 806,900 shares, the short-interest ratio is currently 5.6 days.

Institutional Trading of Sasol

Hedge funds and other institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its stake in Sasol by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock valued at $613,000 after buying an additional 1,900 shares during the last quarter. CWM LLC raised its holdings in Sasol by 62.7% during the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 2,087 shares in the last quarter. Van ECK Associates Corp boosted its position in Sasol by 7.4% during the second quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company’s stock valued at $281,000 after purchasing an additional 2,535 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Sasol by 6.3% during the 2nd quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company’s stock worth $440,000 after purchasing an additional 3,416 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 3,454 shares during the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Stock Up 2.1 %

Shares of SSL stock traded up $0.11 during trading hours on Friday, hitting $5.29. 290,173 shares of the company were exchanged, compared to its average volume of 699,615. Sasol has a 52 week low of $5.14 and a 52 week high of $12.58. The business has a 50 day moving average of $6.49 and a two-hundred day moving average of $7.05. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

About Sasol

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.