Short Interest in Santos Limited (OTCMKTS:SSLZY) Expands By 76.1%

Santos Limited (OTCMKTS:SSLZY) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 208,716 shares, an increase of 76.1% from the April 30th total of 118,521 shares. Based on an average daily volume of 165,339 shares, the days-to-cover ratio is presently 1.3 days.

Santos Stock Performance

SSLZY stock opened at $5.67 on Wednesday. The business has a 50-day moving average price of $5.62 and a 200 day moving average price of $4.94. Santos has a 1-year low of $3.91 and a 1-year high of $5.92.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded Santos from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $7.30.

Santos Company Profile

Santos Limited (OTCMKTS:SSLZY) is an independent exploration and production company headquartered in Adelaide, Australia. Established in 1954, the firm focuses on the development, production and marketing of natural gas, liquefied natural gas (LNG), condensate and crude oil. Santos operates a diversified portfolio of upstream assets that span conventional and unconventional resources, with an emphasis on long-life reserves and high-value gas projects.

The company’s core activities encompass the exploration for hydrocarbon resources, project development and operational management of producing fields.