Sasol Ltd. (NYSE:SSL) Short Interest Update

Sasol Ltd. (NYSE:SSL) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 3,003,147 shares, a decrease of 21.8% from the February 26th total of 3,840,469 shares. Based on an average trading volume of 3,478,767 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.5% of the shares of the stock are short sold.

Sasol Stock Performance

Sasol stock opened at $12.72 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53. Sasol has a 52-week low of $2.78 and a 52-week high of $13.02. The company has a fifty day simple moving average of $8.92 and a 200-day simple moving average of $7.29.

Wall Street Analyst Weigh In

SSL has been the subject of several recent analyst reports. The Goldman Sachs Group lowered Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. UBS Group downgraded Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Sasol in a report on Friday, January 16th. Zacks Research upgraded Sasol from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen raised Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Sasol

Several hedge funds and other institutional investors have recently bought and sold shares of SSL. Atlas Capital Advisors Inc. acquired a new stake in shares of Sasol during the 4th quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Sasol by 232.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 3,920 shares during the period. GAMMA Investing LLC increased its stake in Sasol by 107.9% during the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 4,482 shares during the period. EverSource Wealth Advisors LLC increased its stake in Sasol by 347.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after buying an additional 6,957 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Sasol during the fourth quarter worth $66,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Sasol Company Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.