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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) was the recipient of a significant 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 days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Hong Kong & China Gas Trading Up 1.2%

Shares of Hong Kong & China Gas stock traded up $0.01 during trading hours on Tuesday, hitting $0.82. The company’s stock had a trading volume of 11,030 shares, compared to its average volume of 26,097. Hong Kong & China Gas has a 12 month low of $0.74 and a 12 month high of $1.01. The stock has a 50 day moving average of $0.90 and a 200 day moving average of $0.89. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & 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 at the end of the most recent reporting period.

About Hong Kong & China Gas

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.