Short Interest in Sasol Limited (NYSE:SSL) Rises By 24.7%

Sasol Limited (NYSE:SSL - Get Free Report) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,490,000 shares, a growth of 24.7% from the October 15th total of 3,600,000 shares. Based on an average daily volume of 806,900 shares, the days-to-cover ratio is currently 5.6 days.

Sasol Stock Performance

Shares of SSL traded up $0.06 during mid-day trading on Friday, hitting $5.24. 832,943 shares of the company's stock were exchanged, compared to its average volume of 702,060. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The stock's 50-day simple moving average is $6.49 and its 200-day simple moving average is $7.05. Sasol has a 52 week low of $5.14 and a 52 week high of $12.58.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sasol from a "hold" rating to a "buy" rating in a report on Thursday, August 29th.

Institutional Trading of Sasol

A number of institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its stake in Sasol by 2.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company's stock valued at $613,000 after purchasing an additional 1,900 shares in the last quarter. CWM LLC lifted its holdings in shares of Sasol by 62.7% during the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company's stock worth $41,000 after acquiring an additional 2,087 shares during the period. Van ECK Associates Corp boosted its position in shares of Sasol by 7.4% during the 2nd quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company's stock worth $281,000 after acquiring an additional 2,535 shares in the last quarter. Ritholtz Wealth Management increased its stake in Sasol by 6.3% in the second quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company's stock valued at $440,000 after acquiring an additional 3,416 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Sasol by 247.6% during the second quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 3,454 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors.

About Sasol

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.