Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Short Interest Update

Key Points

• Hong Kong & China Gas Co. experienced a significant 83.3% decrease in short interest, dropping from 1,800 shares to 300 shares as of July 15th.
• Rhumbline Advisers increased its stake in the company by 26.9%, now holding 131,441 shares valued at $107,000.
• The company raised its dividend to $0.0237 per share, up from $0.01, resulting in a dividend yield of 4.8% for stockholders of record.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 300 shares, adropof83.3% from the June 30th total of 1,800 shares. Based on an average daily volume of 11,700 shares, the short-interest ratio is currently 0.0 days. Approximately0.0% of the company's stock are short sold. Approximately0.0% of the company's stock are short sold. Based on an average daily volume of 11,700 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,441 shares of the company's stock after buying 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.

Hong Kong & China Gas Stock Performance

Shares of OTCMKTS HOKCY remained flat at $0.88 during trading hours on Friday. 172 shares of the company traded hands, compared to its average volume of 3,771. The firm's 50 day simple moving average is $0.85 and its two-hundred day simple moving average is $0.81. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 0.65. Hong Kong & China Gas has a 1 year low of $0.65 and a 1 year high of $0.99.

Hong Kong & China Gas Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 9th were issued a $0.0237 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from Hong Kong & China Gas's previous dividend of $0.01. This represents a yield of 480.0%.

Hong Kong & China Gas Company Profile

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.