China Gas Holdings Limited (OTCMKTS:CGHLY) Sees Large Drop in Short Interest

China Gas Holdings Limited (OTCMKTS:CGHLY) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 300 shares, a decline of 75.0% from the September 30th total of 1,200 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 1.5 days.

China Gas Stock Performance

Shares of OTCMKTS:CGHLY remained flat at $21.25 during trading hours on Friday. The firm’s 50-day moving average is $21.94 and its two-hundred day moving average is $22.87. China Gas has a 1 year low of $19.36 and a 1 year high of $26.25.

China Gas Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, August 26th were issued a $1.051 dividend. The ex-dividend date of this dividend was Monday, August 26th. This is a boost from China Gas’s previous dividend of $0.43.

About China Gas

China Gas Holdings Limited operates as a gas operator and service provider in the People's Republic of China. The company invests in, constructs, operates, and maintains city and town gas pipelines, gas terminals, storage and transportation facilities, and gas logistics systems; transmits natural gas and liquefied petroleum gas (LPG) to residential, industrial, and commercial users; constructs and operates compressed natural gas/liquefied natural gas refilling stations; and develops technologies related to natural gas and LPG.