Short Interest in Tokyo Gas Co.,Ltd. (OTCMKTS:TKGSY) Declines By 16.7%

Tokyo Gas Co.,Ltd. (OTCMKTS:TKGSY – Get Rating) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 43,300 shares, a decrease of 16.7% from the February 13th total of 52,000 shares. Based on an average trading volume of 50,100 shares, the short-interest ratio is currently 0.9 days.

Analysts Set New Price Targets

TKGSY has been the subject of several recent analyst reports. Daiwa Capital Markets cut shares of Tokyo Gas Co.,Ltd. from an “outperform” rating to a “neutral” rating in a research report on Monday, February 13th. Citigroup lowered shares of Tokyo Gas Co.,Ltd. from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 30th.

Tokyo Gas Co.,Ltd. Stock Down 1.0 %

Shares of Tokyo Gas Co.,Ltd. stock opened at $9.30 on Tuesday. The firm’s fifty day simple moving average is $9.77 and its 200-day simple moving average is $9.26. Tokyo Gas Co.,Ltd. has a 12 month low of $8.28 and a 12 month high of $11.22.

Tokyo Gas Co.,Ltd. Company Profile

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Tokyo Gas Co, Ltd. engages in the provision of city gas and other gas-related products. It operates through the following segments: Gas, Electric Power, Overseas Business, Energy-related, Real Estate, and Others. The Gas segment produces, supplies, and sells city gas and liquid gas. The Electric Power segment handles electric power services.