Santos Limited (OTCMKTS:SSLZY – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 112,047 shares, an increase of 105.2% from the August 31st total of 54,604 shares. Based on an average daily volume of 81,934 shares, the days-to-cover ratio is presently 1.4 days.
Santos Trading Down 2.6%
OTCMKTS SSLZY traded down $0.16 on Tuesday, reaching $5.93. 43,441 shares of the company’s stock traded hands, compared to its average volume of 153,624. The stock has a 50 day moving average price of $6.02 and a 200-day moving average price of $5.67. Santos has a fifty-two week low of $3.91 and a fifty-two week high of $9.35.
About Santos
Santos Limited is an Australian energy company engaged in the exploration, development, production and processing of oil and natural gas. Its portfolio includes natural gas, liquefied natural gas (LNG), condensate and crude oil, with activities spanning upstream production, gas processing and supply to domestic and international customers.
Founded in 1954 and headquartered in Adelaide, South Australia, Santos has developed major assets across Australia and the Asia-Pacific region. Its Australian operations include the Cooper Basin, Western Australia, Queensland and the Northern Territory, while the company also has interests in Papua New Guinea, including the PNG LNG project.
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