Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 12,307 shares, an increase of 1,820.0% from the May 14th total of 641 shares. Based on an average trading volume of 30,762 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Trading of Hong Kong & China Gas
An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.
Hong Kong & China Gas Stock Performance
OTCMKTS HOKCY traded up $0.01 during trading hours on Tuesday, hitting $0.82. 11,030 shares of the company traded hands, compared to its average volume of 26,097. The business’s 50-day moving average is $0.90 and its 200-day moving average is $0.89. Hong Kong & China Gas has a twelve month low of $0.74 and a twelve month high of $1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.63.
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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