Santos Limited (OTCMKTS:SSLZY) Short Interest Down 66.6% in December
by Danessa Lincoln · The Markets DailySantos Limited (OTCMKTS:SSLZY – Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 17,469 shares, a decrease of 66.6% from the November 30th total of 52,341 shares. Based on an average trading volume of 222,073 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 222,073 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analyst Weigh In
Several analysts have weighed in on SSLZY shares. Royal Bank Of Canada lowered shares of Santos from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 5th. Wall Street Zen raised shares of Santos to a “hold” rating in a report on Sunday, October 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Santos has an average rating of “Hold”.
Check Out Our Latest Research Report on SSLZY
Santos Stock Performance
Shares of SSLZY traded up $0.01 during midday trading on Friday, hitting $4.10. 16,914 shares of the stock traded hands, compared to its average volume of 216,766. The business’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $4.66. Santos has a 1-year low of $3.17 and a 1-year high of $5.38.
About Santos
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.