Sasol Limited (NYSE:SSL) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 3,080,000 shares, a growth of 32.2% from the June 15th total of 2,330,000 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 5,330,000 shares, the days-to-cover ratio is presently 0.6 days.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Sasol from a “neutral” rating to an “overweight” rating in a report on Monday, June 8th. HSBC downgraded Sasol to a “sell” rating in a report on Friday, June 12th. Zacks Investment Research downgraded shares of Sasol from a “buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, Goldman Sachs Group lowered Sasol from a “buy” rating to a “hold” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Sasol currently has a consensus rating of “Hold” and an average price target of $9.25.

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised its position in Sasol by 36.1% during the 4th quarter. Citigroup Inc. now owns 38,774 shares of the oil and gas company’s stock valued at $838,000 after purchasing an additional 10,290 shares in the last quarter. Oxford Asset Management LLP grew its stake in Sasol by 299.5% in the fourth quarter. Oxford Asset Management LLP now owns 51,967 shares of the oil and gas company’s stock valued at $1,123,000 after purchasing an additional 38,958 shares during the last quarter. UBS Group AG boosted its stake in Sasol by 108.5% in the fourth quarter. UBS Group AG now owns 10,052 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 5,231 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Sasol in the 4th quarter worth $3,320,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Sasol by 31.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 30,005 shares of the oil and gas company’s stock worth $648,000 after acquiring an additional 7,184 shares in the last quarter. 2.41% of the stock is owned by hedge funds and other institutional investors.

SSL stock traded up $0.44 during midday trading on Tuesday, reaching $8.28. The company’s stock had a trading volume of 2,253,800 shares, compared to its average volume of 3,258,311. The stock has a fifty day simple moving average of $7.25 and a two-hundred day simple moving average of $10.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 1.25. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 3.82 and a beta of 3.57. Sasol has a 1 year low of $1.25 and a 1 year high of $24.46.

About Sasol

Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.

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