Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Short Interest Down 79.5% in June

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,523 shares, a decline of 79.5% from the May 31st total of 12,307 shares. Based on an average daily volume of 77,379 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of Hong Kong & China Gas

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

Hong Kong & China Gas Price Performance

Shares of Hong Kong & China Gas stock traded up $0.02 during trading on Friday, hitting $0.84. 22,746 shares of the company’s stock traded hands, compared to its average volume of 26,777. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.61. Hong Kong & China Gas has a 1 year low of $0.74 and a 1 year high of $1.01. The business has a 50-day simple moving average of $0.89 and a 200-day simple moving average of $0.89.

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.