China Resources Gas Group Limited (OTCMKTS:CRGGF) Sees Large Drop in Short Interest

China Resources Gas Group Limited (OTCMKTS:CRGGF) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 373,900 shares, a decrease of 74.4% from the February 26th total of 1,461,400 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 187.0 days. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 187.0 days.

China Resources Gas Group Stock Performance

Shares of CRGGF stock opened at $2.83 on Wednesday. China Resources Gas Group has a 12 month low of $2.30 and a 12 month high of $4.31. The business’s 50 day moving average is $2.83 and its two-hundred day moving average is $2.70.

About China Resources Gas Group

China Resources Gas Group Limited (OTCMKTS: CRGGF) is a Hong Kong–based energy company primarily engaged in the investment, construction and operation of urban pipeline gas distribution networks. As a subsidiary of China Resources (Holdings) Co, Ltd., the group provides piped natural gas and related services to residential, commercial and industrial customers across mainland China. It focuses on delivering clean energy solutions through both traditional and emerging gas infrastructure.

The company’s core activities include the sale and distribution of piped natural gas, liquefied petroleum gas (LPG) and compressed natural gas (CNG).