The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,500 shares, an increase of 2,400.0% from the May 15th total of 100 shares. Based on an average daily volume of 35,000 shares, the days-to-cover ratio is currently 0.1 days.

Hong Kong and China Gas Price Performance

OTCMKTS:HOKCY traded up $0.01 during trading hours on Monday, reaching $0.85. 92,600 shares of the company’s stock were exchanged, compared to its average volume of 62,891. The company has a quick ratio of 0.58, a current ratio of 0.66 and a debt-to-equity ratio of 0.53. Hong Kong and China Gas has a 1-year low of $0.71 and a 1-year high of $1.14. The company has a 50-day moving average of $0.86 and a 200 day moving average of $0.89.

Hong Kong and China Gas Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 9th will be issued a dividend of $0.0234 per share. The ex-dividend date is Thursday, June 8th. This represents a dividend yield of 4.1%. This is a positive change from Hong Kong and China Gas’s previous dividend of $0.01.

Institutional Trading of Hong Kong and China Gas

An institutional investor recently bought a new position in Hong Kong and China Gas stock. OLD Mission Capital LLC acquired a new position in shares of The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,302,797 shares of the company’s stock, valued at approximately $1,146,000.

Hong Kong and China Gas Company Profile

(Get Rating)

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in Hong Kong and Mainland China. It is involved in the provision of liquefied natural gas, methanol, and coal and other chemicals; conversion and utilization of biomass; agricultural waste; and operation of natural gas refilling stations, piped city-gas projects, upstream and midstream developments, photovoltaic projects, water and wastewater treatment projects, energy exploration and utilization ventures, and aviation fuel facilities.

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