Hong Kong & China Gas Co. (OTCMKTS:HOKCY) Sees Large Growth in Short Interest

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,550 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 49,086 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hong Kong & China Gas Stock Performance

Shares of HOKCY stock opened at $0.80 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.63. The firm has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $0.87. Hong Kong & China Gas has a 12 month low of $0.77 and a 12 month high of $1.01.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hong Kong & China Gas to a “hold” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Hong Kong & China Gas presently has an average rating of “Hold”.

Hong Kong & China Gas Company Profile

Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy and utility company. Established in 1862, it operates Hong Kong’s piped-gas supply network and provides natural gas and related energy services to residential, commercial and industrial customers.

The company distributes town gas and natural gas, supplies liquefied petroleum gas, and sells gas appliances and household products. Its activities also include gas engineering, infrastructure development, energy management and the development of lower-carbon and renewable energy solutions.

Beyond Hong Kong, Towngas has expanded into mainland China, where it operates city-gas and related utility businesses in numerous urban markets.