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

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 - ) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 100 shares, a decrease of 83.3% from the August 15th total of 600 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Hong Kong & China Gas Trading Up 3.5%

Shares of Hong Kong & China Gas stock traded up $0.03 on Thursday, hitting $0.88. The company had a trading volume of 2,819 shares, compared to its average volume of 20,482. Hong Kong & China Gas has a 1 year low of $0.65 and a 1 year high of $0.99. The stock has a 50 day moving average of $0.84 and a 200-day moving average of $0.83. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 0.67.

Hong Kong & China Gas Cuts Dividend

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

Hedge Funds Weigh In On Hong Kong & China Gas

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

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.

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