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

Hong Kong & China Gas Co. (OTCMKTS:HOKCYGet Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,550 shares, an increase of ∞ from the August 15th total of 0 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 49,086 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Hong Kong & China Gas to a “hold” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

View Our Latest Research Report on HOKCY

Hong Kong & China Gas Trading Up 8.7%

Shares of OTCMKTS HOKCY traded up $0.07 during midday trading on Wednesday, hitting $0.87. The company’s stock had a trading volume of 1,967 shares, compared to its average volume of 14,142. Hong Kong & China Gas has a 12-month low of $0.77 and a 12-month high of $1.01. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $0.85 and its two-hundred day moving average is $0.87.

Hong Kong & China Gas Company Profile

(Get Free Report)

Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy and utility company. Established in 1862, it operates Hong Kong’s piped-gas supply network and provides natural gas and related energy services to residential, commercial and industrial customers.

The company distributes town gas and natural gas, supplies liquefied petroleum gas, and sells gas appliances and household products. Its activities also include gas engineering, infrastructure development, energy management and the development of lower-carbon and renewable energy solutions.

Beyond Hong Kong, Towngas has expanded into mainland China, where it operates city-gas and related utility businesses in numerous urban markets.

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