Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 29,543 shares, an increase of 177.5% from the October 15th total of 10,645 shares. Based on an average trading volume of 19,181 shares, the short-interest ratio is currently 1.5 days. Currently, 0.0% of the shares of the company are short sold.
Power Assets Trading Up 1.3%
Shares of HGKGY opened at $8.19 on Friday. The firm’s 50-day simple moving average is $7.77 and its 200 day simple moving average is $7.78. Power Assets has a 52 week low of $6.38 and a 52 week high of $8.61.
About Power Assets
Power Assets Holdings Limited is a Hong Kong-based investment holding company focused on energy and utility-related businesses. Its investments include electricity generation, transmission and distribution, as well as gas distribution and other infrastructure services. The company traces its history to Hongkong Electric Holdings, established in 1976. It adopted the Power Assets name in 2010 as its business expanded beyond its historic Hong Kong electricity operations to include a broader portfolio of utility investments.
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