Short Interest in Sasol Limited (OTCMKTS:SASOF) Rises By 58.2%

Sasol Limited (OTCMKTS:SASOF) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 585,300 shares, a growth of 58.2% from the October 15th total of 369,900 shares. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is presently 216.8 days.

Sasol Stock Performance

SASOF opened at $5.04 on Friday. The business’s 50-day moving average is $6.64 and its two-hundred day moving average is $7.02. Sasol has a 1 year low of $5.04 and a 1 year high of $12.64.

About Sasol

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.