Avance Gas Holding Ltd (OTCMKTS:AVACF) Sees Large Growth in Short Interest

Avance Gas Holding Ltd (OTCMKTS:AVACF) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 39,900 shares, a growth of 1,562.5% from the May 15th total of 2,400 shares. Based on an average trading volume of 24,000 shares, the short-interest ratio is presently 1.7 days.

Avance Gas Stock Performance

Shares of OTCMKTS AVACF opened at $16.15 on Thursday. The business has a 50-day moving average of $15.45 and a 200-day moving average of $13.80. Avance Gas has a fifty-two week low of $7.65 and a fifty-two week high of $19.57.

About Avance Gas

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.