Short Interest in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Rises By 130.7%

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 3,498 shares, a growth of 130.7% from the November 30th total of 1,516 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 12,404 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 12,404 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Hong Kong & China Gas Stock Performance

HOKCY traded down $0.00 during trading on Friday, reaching $0.87. 441 shares of the company’s stock were exchanged, compared to its average volume of 6,585. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $0.89 and a 200 day moving average price of $0.86. Hong Kong & China Gas has a fifty-two week low of $0.68 and a fifty-two week high of $1.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 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.