Sasol Limited (NYSE:SSL) Short Interest Update


Sasol Limited (NYSE: SSL – Get a rating) benefited from a sharp drop in short-term interest rates in August. As of August 31, there was short interest totaling 895,900 shares, down 17.8% from the August 15 total of 1,090,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 267,300 shares, the short interest ratio is currently 3.4 days.

Hedge funds weigh on Sasol

A number of hedge funds and other institutional investors have recently changed their positions in the company. Bank of America Corp DE increased its position in Sasol by 15.8% in the fourth quarter. Bank of America Corp DE now owns 126,736 shares of the oil and gas company valued at $2,079,000 after acquiring 17,256 additional shares last quarter. Capricorn Fund Managers Ltd bought a new stake in Sasol in Q4 worth $532,000. NorthCrest Asset Management LLC bought a new stake in Sasol in Q1 worth $207,000. QP Wealth Management LLC bought a new stake in Sasol in Q1 worth $246,000. Finally, Shilanski & Associates Inc. strengthened its position in Sasol by 7.3% in the 1st quarter. Shilanski & Associates Inc. now owns 14,504 shares of the oil and gas company valued at $351,000 after acquiring 989 additional shares last quarter. 1.36% of the shares are held by institutional investors.

Analysts set new price targets

SSL has been the subject of a number of analyst reports. Morgan Stanley downgraded shares of Sasol from an “overweight” rating to an “equally weighted” rating in a Tuesday, June 14 report. downgraded Sasol shares from a “buy” rating to a “hold” rating in a Thursday, September 8 report.

Sasol price performance

NYSE SSL shares opened at $18.23 on Thursday. The company’s fifty-day moving average is $20.39 and its 200-day moving average is $22.94. Sasol has a 12-month low of $14.67 and a 12-month high of $28.36. The company has a debt ratio of 0.50, a current ratio of 1.44 and a quick ratio of 0.99.

Sasol announces dividend

The company also recently declared an annual dividend, which will be paid on Friday, September 23. Shareholders of record on Friday, September 9 will receive a dividend of $0.8716 per share. The ex-date of this dividend is Thursday, September 8. This represents a dividend yield of 3.6%.

About Sasol

(Get a rating)

Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The Company operates through six segments: Mining, Gas, Fuels, Chemicals Africa, Chemicals Americas and Chemicals Eurasia. It offers acetates, acrylate monomers, ammonia, carbon, chlorinated alkalis, explosives, fertilizers, glycol ethers, hydrocarbon mixtures, inorganic chemicals, ketones, mines , polymers and waxes, as well as lacquer thinners, light alcohols and phenolic or cresylic acids. .

Further reading

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