Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Short Interest Update

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 2,523 shares, a decline of 79.5% from the May 31st total of 12,307 shares. Based on an average trading volume of 77,379 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock 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 stake 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 institutional investor 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

HOKCY traded up $0.02 during midday trading on Friday, reaching $0.84. The company’s stock had a trading volume of 22,746 shares, compared to its average volume of 26,777. Hong Kong & China Gas has a 1 year low of $0.74 and a 1 year high of $1.01. The stock’s 50-day moving average is $0.89 and its 200-day moving average is $0.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.63 and a quick ratio of 0.55.

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.