Short Interest in Sasol Ltd. (NYSE:SSL) Decreases By 24.1%

Sasol Ltd. (NYSE:SSL) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 3,840,469 shares, a drop of 24.1% from the February 12th total of 5,061,947 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 2,626,650 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 2,626,650 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Sasol

Large investors have recently modified their holdings of the stock. Corient Private Wealth LLC lifted its holdings in shares of Sasol by 13.1% during the fourth quarter. Corient Private Wealth LLC now owns 30,526 shares of the oil and gas company’s stock worth $199,000 after purchasing an additional 3,537 shares during the period. DGS Capital Management LLC acquired a new position in Sasol in the 4th quarter valued at $71,000. Compound Planning Inc. purchased a new position in Sasol during the 4th quarter worth $67,000. EP Wealth Advisors LLC purchased a new position in Sasol during the 4th quarter worth $66,000. Finally, XTX Topco Ltd lifted its stake in shares of Sasol by 202.7% in the 4th quarter. XTX Topco Ltd now owns 61,490 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 41,174 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Stock Up 6.7%

SSL traded up $0.71 on Friday, hitting $11.31. 5,287,184 shares of the company traded hands, compared to its average volume of 2,749,743. The company has a 50 day moving average of $7.80 and a 200-day moving average of $6.91. 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 12-month low of $2.78 and a 12-month high of $11.51.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group cut Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. Zacks Research upgraded shares of Sasol from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a report on Friday, January 16th. The Goldman Sachs Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Finally, Wall Street Zen upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Sasol

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.