Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Stock Short Interest Declines 76.2%

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 369 shares, a drop of 76.2% from the August 31st total of 1,550 shares. Based on an average daily volume of 17,231 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Hong Kong & China Gas Stock Down 2.3%

OTCMKTS:HOKCY traded down $0.02 during mid-day trading on Friday, reaching $0.84. The stock had a trading volume of 3,514 shares, compared to its average volume of 9,951. Hong Kong & China Gas has a twelve month low of $0.77 and a twelve month high of $1.01. The business has a 50 day simple moving average of $0.87 and a 200 day simple moving average of $0.87. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.63 and a quick ratio of 0.55.

Analysts Set New Price Targets

Separately, Zacks Research raised Hong Kong & China Gas to a “hold” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Hong Kong & China Gas has an average rating of “Hold”.

Hong Kong & China Gas Company Profile

Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy and utility company. Established in 1862, it operates Hong Kong’s piped-gas supply network and provides natural gas and related energy services to residential, commercial and industrial customers.

The company distributes town gas and natural gas, supplies liquefied petroleum gas, and sells gas appliances and household products. Its activities also include gas engineering, infrastructure development, energy management and the development of lower-carbon and renewable energy solutions.

Beyond Hong Kong, Towngas has expanded into mainland China, where it operates city-gas and related utility businesses in numerous urban markets.