RGC Resources

RGCO

RGC Resources is a company headquartered in Roanoke, Virginia. It is a holding company that distributes and sells natural gas to customers in Virginia through its subsidiaries, Roanoke Gas. Roanoke Gas is the largest and most well-known subsidiary, which provides natural gas distribution to about 59,000 customers in the Roanoke metropolitan area and some other nearby areas such as eastern Montgomery County and western Bedford County. "RGC" comes from the initials for Roanoke Gas Company. In 1994, the Highland Gas Marketing division was established to broker natural gas to several industrial transportation customers of Roanoke Gas.

RGC Resources has been a target of short sellers for a while. The current short interest of 1.09% is roughly at the average of the last 12 months (0.83%).