Santos Limited (OTCMKTS:STOSF) Sees Significant Increase in Short Interest

Santos Limited (OTCMKTS:STOSF – Get Rating) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 10,075,200 shares, a growth of 101.5% from the April 30th total of 4,999,000 shares. Based on an average daily volume of 17,300 shares, the short-interest ratio is currently 582.4 days.

Santos Stock Performance

Shares of STOSF stock remained flat at $4.90 on Friday. The stock’s 50 day moving average price is $4.74 and its 200-day moving average price is $4.84. Santos has a fifty-two week low of $4.41 and a fifty-two week high of $6.23.

Santos Company Profile

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Santos Ltd. engages in the exploration, development, transportation, and marketing of natural gas. It operates through the following segments: Cooper Basin, Queensland and NSW, Papua New Guinea; Northern Australia, Western Australia; Asia, and Corporate, Exploration, Eliminations, and Other. The Cooper Basin segment produces natural gas, gas liquids, and crude oil.