Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 424 shares, a decline of 98.3% from the April 30th total of 25,655 shares. Based on an average daily volume of 2,209 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
Power Assets Stock Up 1.7%
Shares of HGKGY traded up $0.13 during trading hours on Thursday, hitting $8.12. 629 shares of the stock were exchanged, compared to its average volume of 2,171. Power Assets has a 12-month low of $5.91 and a 12-month high of $8.61. The stock’s 50-day moving average price is $8.14 and its two-hundred day moving average price is $7.59.
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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