Short Interest in Avance Gas Holding Ltd (OTCMKTS:AVACF) Rises By 359.3%

Avance Gas Holding Ltd (OTCMKTS:AVACF) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 12,400 shares, an increase of 359.3% from the September 30th total of 2,700 shares. Based on an average daily volume of 49,800 shares, the days-to-cover ratio is currently 0.2 days.

Avance Gas Stock Performance

Shares of AVACF traded down $0.02 during trading hours on Friday, hitting $9.64. 16,908 shares of the company were exchanged, compared to its average volume of 12,875. The firm has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $13.77. Avance Gas has a one year low of $9.18 and a one year high of $19.57.

Avance Gas Company Profile

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. The company transports LPG from the Middle East Gulf and the United States Gulf/the United States East Coast to destinations in Europe, South America, India, and Asia. As of December 31, 2023, it owned and operated through a fleet of fourteen very large gas carriers and six dual-fuel LPG newbuildings.