The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY – Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 900 shares, a growth of 200.0% from the March 15th total of 300 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 44,900 shares, the days-to-cover ratio is currently 0.0 days.
Hong Kong and China Gas Stock Performance
OTCMKTS HOKCY traded down $0.06 on Tuesday, hitting $0.82. The stock had a trading volume of 10,311 shares, compared to its average volume of 38,563. Hong Kong and China Gas has a 52-week low of $0.65 and a 52-week high of $0.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.59 and a quick ratio of 0.52. The business’s fifty day moving average price is $0.76 and its 200 day moving average price is $0.74.
Hedge Funds Weigh In On Hong Kong and China Gas
An institutional investor recently raised its position in Hong Kong and China Gas stock. Rhumbline Advisers raised its position in shares of The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY – Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,441 shares of the company’s stock after purchasing an additional 27,860 shares during the quarter. Rhumbline Advisers’ holdings in Hong Kong and China Gas were worth $107,000 as of its most recent SEC filing.
About Hong Kong and China Gas
The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.
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