Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Short Interest Up 100.0% in July

Key Points

• Hong Kong & China Gas Co. experienced a significant increase in short interest, rising by 100% to 600 shares as of July 31st, indicating heightened market activity.
• The company recently announced a dividend increase to $0.0237, which translates to a remarkable 480% dividend yield, up from a prior dividend of $0.01.
• Rhumbline Advisers has boosted its stake in Hong Kong & China Gas by 26.9%, indicating growing institutional interest in the company.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 600 shares, agrowthof100.0% from the July 15th total of 300 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the shares of the stock are sold short.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers boosted its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 (SEC).

Hong Kong & China Gas Stock Up 0.5%

HOKCY traded up $0.0040 on Friday, hitting $0.81. The company had a trading volume of 31,685 shares, compared to its average volume of 21,282. The business's fifty day simple moving average is $0.84 and its 200 day simple moving average is $0.82. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65. Hong Kong & China Gas has a 12-month low of $0.65 and a 12-month high of $0.9899.

Hong Kong & China Gas Increases Dividend

The business also recently announced a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were issued a $0.0237 dividend. This is a positive change from Hong Kong & China Gas's previous dividend of $0.01. The ex-dividend date was Friday, June 6th. This represents a dividend yield of 480.0%.

About Hong Kong & China Gas

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.