Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 438 shares, a drop of 78.2% from the May 31st total of 2,009 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,752 shares, the short-interest ratio is presently 0.0 days.
Power Assets Stock Performance
OTCMKTS:HGKGY traded down $0.15 during mid-day trading on Friday, reaching $7.62. The stock had a trading volume of 5,545 shares, compared to its average volume of 3,689. The firm has a 50 day moving average price of $7.85 and a two-hundred day moving average price of $7.68. Power Assets has a one year low of $5.91 and a one year 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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