Sasol Limited (SSL) Sees Significant Growth in Short Interest

Sasol Limited (NYSE:SSL) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,228,552 shares, a growth of 47.8% from the March 29th total of 831,063 shares. Based on an average trading volume of 200,669 shares, the short-interest ratio is currently 6.1 days.

Shares of NYSE SSL traded down $0.81 during midday trading on Friday, hitting $29.66. The stock had a trading volume of 349,300 shares, compared to its average volume of 191,693. The company has a market cap of $19.85 billion, a PE ratio of 14.33, a P/E/G ratio of 2.09 and a beta of 0.85. Sasol has a 52 week low of $27.40 and a 52 week high of $39.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 1.57.

SSL has been the topic of several research reports. Zacks Investment Research lowered shares of Sasol from a “buy” rating to a “sell” rating in a research note on Wednesday, January 30th. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 11th. Finally, Macquarie downgraded shares of Sasol from an “outperform” rating to a “neutral” rating in a research note on Friday, February 8th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Sasol has a consensus rating of “Hold” and a consensus target price of $20.75.

Hedge funds and other institutional investors have recently modified their holdings of the company. ARGA Investment Management LP raised its holdings in shares of Sasol by 18.0% during the first quarter. ARGA Investment Management LP now owns 347,391 shares of the oil and gas company’s stock valued at $10,748,000 after purchasing an additional 52,950 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Sasol during the fourth quarter valued at approximately $8,571,000. Northern Trust Corp raised its holdings in shares of Sasol by 15.2% during the first quarter. Northern Trust Corp now owns 285,073 shares of the oil and gas company’s stock valued at $8,820,000 after purchasing an additional 37,510 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Sasol by 18.4% during the first quarter. Parametric Portfolio Associates LLC now owns 240,119 shares of the oil and gas company’s stock valued at $7,429,000 after purchasing an additional 37,239 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Sasol by 612.0% during the fourth quarter. Deutsche Bank AG now owns 171,007 shares of the oil and gas company’s stock valued at $5,008,000 after purchasing an additional 146,988 shares during the last quarter. Hedge funds and other institutional investors own 2.14% of the company’s stock.

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Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.

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