Sasol Limited (OTCMKTS:SASOF) Stock Short Interest Falls 99.7%

Sasol Limited (OTCMKTS:SASOF) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 1,003 shares, a decline of 99.7% from the August 31st total of 304,576 shares. Based on an average trading volume of 21 shares, the days-to-cover ratio is currently 47.8 days.

Sasol Price Performance

OTCMKTS:SASOF opened at $10.72 on Friday. Sasol has a 52 week low of $4.94 and a 52 week high of $13.70. The firm has a 50 day moving average of $11.14 and a 200 day moving average of $11.65.

About Sasol

Sasol Limited is a South African integrated chemicals and energy company headquartered in Johannesburg. Founded in 1950, the company developed expertise in converting coal and other feedstocks into fuels and chemical products and continues to use proprietary Fischer-Tropsch and related technologies in its operations.

Sasol produces and markets a broad range of chemicals, including solvents, alcohols, surfactants, waxes, phenolics, ammonia and other chemical intermediates. Its energy activities include the production and marketing of liquid fuels, gas and related energy products, while its chemical products serve industries such as mining, agriculture, automotive, construction, consumer goods and personal care.

The company serves customers in South Africa and international markets, with operations and commercial activities extending across regions including North America, Europe and Asia.