Short Interest in China Resources Gas Group Limited (OTCMKTS:CRGGF) Declines By 45.9%

China Resources Gas Group Limited (OTCMKTS:CRGGF) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,499,900 shares, a drop of 45.9% from the January 31st total of 6,467,300 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is presently 3,181.7 days.

China Resources Gas Group Price Performance

China Resources Gas Group stock opened at $3.04 on Friday. The company’s 50 day simple moving average is $3.80 and its 200 day simple moving average is $3.86. China Resources Gas Group has a fifty-two week low of $2.75 and a fifty-two week high of $4.60.

China Resources Gas Group Company Profile

China Resources Gas Group Limited, an investment holding company, engages in the sale of natural and liquefied gas, and connection of gas pipelines. The company operates through Sale and Distribution of Gas Fuel and Related Products, Gas Connection, Comprehensive Services, Design and Construction Services, and Gas Stations segments.