China Resources Gas Group Limited (OTCMKTS:CGASY) Sees Significant Increase in Short Interest

China Resources Gas Group Limited (OTCMKTS:CGASY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 48 shares, an increase of ? from the June 30th total of 0 shares. Based on an average trading volume of 563 shares, the days-to-cover ratio is currently 0.1 days.

China Resources Gas Group Stock Performance

Shares of OTCMKTS CGASY opened at $19.68 on Wednesday. The business has a 50 day simple moving average of $20.80 and a 200-day simple moving average of $24.45. China Resources Gas Group has a twelve month low of $16.68 and a twelve month high of $26.10.

China Resources Gas Group Company Profile

China Resources Gas Group is one of China’s leading integrated city gas operators, primarily engaged in the distribution and sale of piped natural gas to residential, commercial and industrial customers. As a subsidiary of the state-owned conglomerate China Resources Holdings, the company develops, constructs and manages urban gas pipeline networks, and provides related engineering and maintenance services. Its core offerings include the sale of piped natural gas, liquefied petroleum gas (LPG) and compressed natural gas (CNG), alongside the procurement, storage and distribution of these energy products.

Since its establishment in 1994, China Resources Gas Group has expanded its footprint across mainland China, serving more than 200 cities in multiple provinces.