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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 4,579 shares, an increase of 30.9% from the December 15th total of 3,498 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 19,731 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 19,731 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Hong Kong & China Gas Trading Down 4.2%

Shares of Hong Kong & China Gas stock opened at $0.91 on Friday. Hong Kong & China Gas has a 12 month low of $0.68 and a 12 month high of $1.00. 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 stock’s fifty day simple moving average is $0.89 and its 200 day simple moving average is $0.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers lifted its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,441 shares of the company’s stock after acquiring an additional 27,860 shares during the period. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent quarter.

About Hong Kong & China Gas

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.