Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 369 shares, a drop of 76.2% from the August 31st total of 1,550 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 17,231 shares, the days-to-cover ratio is currently 0.0 days.
Hong Kong & China Gas Price Performance
Shares of OTCMKTS HOKCY traded up $0.02 during mid-day trading on Monday, hitting $0.86. The company had a trading volume of 693 shares, compared to its average volume of 14,111. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.63 and a quick ratio of 0.55. The firm has a 50-day simple moving average of $0.87 and a two-hundred day simple moving average of $0.87. Hong Kong & China Gas has a one year low of $0.77 and a one year high of $1.01.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Hong Kong & China Gas to a “hold” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.
About Hong Kong & China Gas
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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