Sasol Limited (NYSE:SSL) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 582,600 shares, a growth of 7.1% from the December 15th total of 543,900 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 257,600 shares, the short-interest ratio is presently 2.3 days.
Institutional investors and hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in Sasol in the fourth quarter worth about $2,485,000. Stock Yards Bank & Trust Co. acquired a new stake in shares of Sasol during the fourth quarter worth approximately $207,000. Millennium Management LLC increased its holdings in shares of Sasol by 849.5% during the third quarter. Millennium Management LLC now owns 423,259 shares of the oil and gas company’s stock worth $7,199,000 after buying an additional 378,680 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Sasol during the third quarter worth approximately $403,000. Finally, State Street Corp increased its holdings in shares of Sasol by 5.0% during the third quarter. State Street Corp now owns 344,722 shares of the oil and gas company’s stock worth $5,864,000 after buying an additional 16,402 shares in the last quarter. 2.24% of the stock is owned by institutional investors and hedge funds.
Shares of SSL traded down $0.48 during trading hours on Friday, reaching $18.94. 3,283 shares of the company traded hands, compared to its average volume of 241,436. The stock’s fifty day moving average is $20.26 and its 200 day moving average is $19.92. The stock has a market cap of $11.87 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.59. Sasol has a 1-year low of $16.48 and a 1-year high of $34.03.
SSL has been the subject of a number of recent analyst reports. Bank of America upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. upgraded shares of Sasol from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 17th. Renaissance Capital cut shares of Sasol from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Goldman Sachs Group upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a report on Friday, November 29th. Finally, Zacks Investment Research lowered shares of Sasol from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, December 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.00.
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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