Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,334 shares, a growth of 219.7% from the June 30th total of 730 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,551 shares, the days-to-cover ratio is currently 0.7 days.
Power Assets Trading Up 0.9%
Shares of OTCMKTS HGKGY traded up $0.07 during mid-day trading on Friday, reaching $7.83. The company had a trading volume of 796 shares, compared to its average volume of 2,379. Power Assets has a 52 week low of $6.09 and a 52 week high of $8.61. The business’s 50-day moving average is $7.53 and its 200-day moving average is $7.77.
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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