Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Short Interest Up 1,820.0% in May

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 12,307 shares, a growth of 1,820.0% from the May 14th total of 641 shares. Based on an average daily trading volume, of 30,762 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers boosted its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 131,441 shares of the company’s stock after buying an additional 27,860 shares during the period. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent reporting period.

Hong Kong & China Gas Stock Performance

Shares of Hong Kong & China Gas stock opened at $0.86 on Thursday. The business’s fifty day moving average price is $0.90 and its 200 day moving average price is $0.89. Hong Kong & China Gas has a twelve month low of $0.74 and a twelve month high of $1.01. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.61.

Hong Kong & China Gas Company Profile

The Hong Kong and China Gas Company Limited, commonly known as Towngas, is a long-established utility and energy services company founded in 1862. It is principally engaged in the production, distribution and sale of town gas and related energy products, serving residential, commercial and industrial customers. Towngas operates through an integrated model that covers gas production facilities, transmission and distribution networks, customer metering and billing, and after-sales services.

Core products and services include piped town gas for household and commercial use, liquefied petroleum gas (LPG) distribution, gas appliances and fittings, and engineering, installation and maintenance services.