Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 10,645 shares, a growth of 76.2% from the September 30th total of 6,041 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,971 shares, the short-interest ratio is presently 3.6 days.
Power Assets Stock Performance
OTCMKTS:HGKGY traded up $0.15 during mid-day trading on Friday, hitting $7.96. 1,354 shares of the company traded hands, compared to its average volume of 7,512. The stock’s fifty day moving average price is $7.67 and its 200-day moving average price is $7.74. Power Assets has a one year low of $6.19 and a one year high of $8.61.
About Power Assets
Power Assets Holdings Limited is an investment holding company focused on the energy and utility sectors. The company invests in businesses involved in electricity generation, transmission and distribution, gas distribution, renewable energy and other infrastructure-related activities.
Through its portfolio of investments, Power Assets has exposure to utility and energy infrastructure projects in Hong Kong, the United Kingdom, Australia, New Zealand, Canada and other international markets.
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