Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Sees Large Increase in Short Interest

Hong Kong & China Gas Co. (OTCMKTS:HOKCYGet Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 630 shares, an increase of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 7,842 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hong Kong & China Gas Stock Performance

Shares of OTCMKTS HOKCY opened at $0.96 on Friday. The company’s 50 day moving average price is $0.89 and its 200-day moving average price is $0.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.63. Hong Kong & China Gas has a 52-week low of $0.74 and a 52-week high of $1.01.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers raised its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCYFree Report) by 26.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,441 shares of the company’s stock after acquiring an additional 27,860 shares during the quarter. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 as of its most recent SEC filing.

About Hong Kong & China Gas

(Get Free Report)

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.

Further Reading

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