Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Short Interest Down 83.3% in August

Key Points

• Short interest in Hong Kong & China Gas Co. decreased by 83.3% in August, dropping from 600 shares to just 100 shares.
• The company recently announced a dividend cut, with a dividend of $0.0123 per share scheduled to be paid on September 22nd, reflecting a yield of 411.0%.
• Rhumbline Advisers raised its position in Hong Kong & China Gas by 26.9% in the first quarter, purchasing an additional 27,860 shares.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 100 shares, a drop of 83.3% from the August 15th total of 600 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 18,900 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 18,900 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are sold short.

Hong Kong & China Gas Price Performance

OTCMKTS HOKCY traded up $0.02 on Tuesday, reaching $0.86. The company had a trading volume of 11,329 shares, compared to its average volume of 10,220. 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. The firm has a 50-day moving average of $0.84 and a 200-day moving average of $0.83.

Hong Kong & China Gas Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, September 22nd. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.0123 per share. This represents a yield of 411.0%. The ex-dividend date of this dividend is Tuesday, September 2nd.

Institutional Investors Weigh In On Hong Kong & China Gas

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