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

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 - ) 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. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is presently 0.1 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is presently 0.1 days.

Hong Kong & China Gas Stock Performance

OTCMKTS HOKCY remained flat at $0.86 on Friday. The company's stock had a trading volume of 2,300 shares, compared to its average volume of 5,075. Hong Kong & China Gas has a 1-year low of $0.65 and a 1-year high of $0.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 0.67. The firm's 50-day simple moving average is $0.85 and its 200-day simple moving average is $0.82.

Hong Kong & China Gas Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers boosted its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

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.

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