The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 4,400 shares, an increase of 4,300.0% from the April 30th total of 100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is currently 0.7 days.
Hedge Funds Weigh In On Hong Kong and China Gas
A hedge fund recently raised its stake in Hong Kong and China Gas stock. Rhumbline Advisers grew its stake in The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent 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 quarter. Rhumbline Advisers' holdings in Hong Kong and China Gas were worth $107,000 as of its most recent SEC filing.
Hong Kong and China Gas Trading Up 9.9%
Shares of HOKCY stock traded up $0.08 on Friday, hitting $0.88. The company had a trading volume of 24,503 shares, compared to its average volume of 29,344. The company has a 50-day moving average price of $0.85 and a 200-day moving average price of $0.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.52 and a current ratio of 0.59. Hong Kong and China Gas has a twelve month low of $0.65 and a twelve month high of $0.99.
About Hong Kong and China Gas
(
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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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