Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,009 shares, a growth of 373.8% from the May 14th total of 424 shares. Based on an average trading volume of 1,391 shares, the short-interest ratio is currently 1.4 days. Approximately 0.0% of the shares of the company are short sold.
Power Assets Price Performance
Shares of Power Assets stock traded down $0.42 during trading hours on Friday, reaching $6.67. The company had a trading volume of 657 shares, compared to its average volume of 2,512. Power Assets has a one year low of $5.91 and a one year high of $8.61. The business has a fifty day simple moving average of $8.02 and a 200 day simple moving average of $7.64.
Power Assets Company Profile
Power Assets Holdings Limited, traded over the counter as HGKGY, is an investment holding company focused on power generation and electricity distribution businesses. Incorporated in Bermuda, the company holds a significant equity interest in The Hongkong Electric Company, serving Hong Kong Island and Lamma Island. Its core activities include long-term investments in regulated utility assets and the development of low-carbon energy solutions.
Beyond its flagship investment in Hong Kong, Power Assets has diversified holdings across Asia Pacific and Europe.
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