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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw a large growth in short interest in 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. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 30,762 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Hong Kong & China Gas

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

Hong Kong & China Gas Trading Up 1.2%

OTCMKTS:HOKCY opened at $0.82 on Wednesday. Hong Kong & China Gas has a 52-week low of $0.74 and a 52-week high of $1.01. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $0.89.

Hong Kong & China Gas Company Profile

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.