Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the recipient of a large growth in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,391 shares, the short-interest ratio is presently 1.4 days.
Power Assets Trading Up 1.7%
Shares of HGKGY opened at $7.12 on Thursday. The firm has a 50-day moving average price of $8.04 and a 200 day moving average price of $7.64. Power Assets has a 52-week low of $5.91 and a 52-week high of $8.61.
About Power Assets
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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