Santos Limited (OTCMKTS:SSLZY) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 123,800 shares, an increase of 141.8% from the December 15th total of 51,200 shares. Based on an average daily volume of 213,800 shares, the short-interest ratio is currently 0.6 days.
Separately, Citigroup initiated coverage on shares of Santos in a research report on Wednesday, December 15th. They set a “neutral” rating for the company.
Shares of SSLZY opened at $5.09 on Friday. Santos has a one year low of $4.21 and a one year high of $6.21. The company has a 50-day moving average of $4.84 and a two-hundred day moving average of $4.90.
Santos Ltd. engages in the exploration, development, transportation, and marketing of natural gas. It operates through the following segments: Cooper Basin, Queensland and NSW, Papua New Guinea; Northern Australia, Western Australia; Asia, and Corporate, Exploration, Eliminations, and Other. The Cooper Basin segment produces natural gas, gas liquids, and crude oil.
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