China Resources Gas Group Limited (OTCMKTS:CRGGF) Stock Short Interest Climbs 61.2%

China Resources Gas Group Limited (OTCMKTS:CRGGF) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 958,558 shares, an increase of 61.2% from the August 31st total of 594,458 shares. Based on an average trading volume of 23 shares, the short-interest ratio is presently 41,676.4 days.

China Resources Gas Group Stock Performance

China Resources Gas Group stock opened at $2.00 on Friday. The firm has a 50 day simple moving average of $2.48 and a 200-day simple moving average of $2.69. China Resources Gas Group has a 12-month low of $2.00 and a 12-month high of $3.99.

About China Resources Gas Group

China Resources Gas Group Limited is a China-based energy company focused on the distribution and sale of natural gas. Through its city-gas operations, the company supplies piped natural gas to residential, commercial and industrial customers across mainland China.

The company’s activities include the construction and operation of natural-gas distribution networks, gas connection services and the sale of natural gas. It also provides related services, which may include gas appliance sales, maintenance and other customer-oriented energy services.

China Resources Gas operates as part of China Resources Group, a diversified state-owned enterprise with businesses spanning consumer products, energy, infrastructure and other industries.