Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,523 shares, a decrease 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 sold short.
Hong Kong & China Gas Trading Up 2.4%
Shares of OTCMKTS:HOKCY traded up $0.02 on Friday, hitting $0.84. 22,746 shares of the company traded hands, compared to its average volume of 26,777. The stock has a 50 day simple moving average of $0.89 and a 200-day simple moving average of $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. 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
An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.
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.
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