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

Santos Limited (OTCMKTS:STOSF) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 8,542,900 shares, an increase of 22.6% from the March 15th total of 6,967,800 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is currently 1,186.5 days.

Santos Stock Performance

Shares of STOSF stock remained flat at $3.70 on Monday. The company had a trading volume of 20 shares, compared to its average volume of 7,477. Santos has a one year low of $3.30 and a one year high of $5.50. The company has a 50-day simple moving average of $3.90 and a 200 day simple moving average of $4.24.

About Santos

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Cooper Basin, Queensland and NSW, Papua New Guinea, Western Australia, Northern Australia and Timor-Leste. It also holds an asset in Alaska, the United States; and engages in the development of decarbonization technologies, such as carbon capture and storage technologies.