Could Sasol LTD. American Depositary Shares (NYSE:SSL) Go Down After Its Newest Short Interest Report?

Sasol Limited (NYSE:SSL) Logo

The stock of Sasol LTD. American Depositary Shares (NYSE:SSL) registered a decrease of 8.51% in short interest. SSL’s total short interest was 1.03M shares in May as published by FINRA. Its down 8.51% from 1.13 million shares, reported previously. With 214,400 shares average volume, it will take short sellers 5 days to cover their SSL’s short positions. The short interest to Sasol LTD. American Depositary Shares’s float is 0.19%.

It closed at $31.15 lastly. It is down 10.74% since May 8, 2018 and is downtrending. It has underperformed by 15.11% the S&P500.

Sasol Limited operates as an integrated chemicals and energy company. The company has market cap of $19.21 billion. It operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals divisions. It has a 29.75 P/E ratio. The firm operates coal mines; develops and manages upstream interests in gas and oil exploration and production in Mozambique, South Africa, Australia, Canada, and Gabon; and markets commodity and various performance chemicals, such as organics, inorganics and wax value chains, as well as polymers, solvents, and ammonia fertilizers.

More notable recent Sasol Limited (NYSE:SSL) news were published by: Seekingalpha.com which released: “Sasol Limited 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on August 20, 2018, also Benzinga.com with their article: “33 Stocks Moving In Friday’s Pre-Market Session – Benzinga” published on February 08, 2019, Fool.ca published: “Investing in Gold? This Stock May Be Your Safest Option – The Motley Fool Canada” on March 21, 2019. More interesting news about Sasol Limited (NYSE:SSL) were released by: Prnewswire.com and their article: “Maxar’s SSL Highlights its US Industry Leadership in Next-Generation Solar Electric Propulsion – PRNewswire” published on December 19, 2018 as well as Seekingalpha.com‘s news article titled: “Sasol +3% as half-year profit jumps – Seeking Alpha” with publication date: February 25, 2019.

Sasol Limited (NYSE:SSL) Ratings Chart

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