Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the target of a large growth in short interest in 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,551 shares, the days-to-cover ratio is presently 0.7 days.
Power Assets Stock Up 0.9%
Shares of HGKGY traded up $0.07 during mid-day trading on Friday, hitting $7.83. 796 shares of the stock were exchanged, 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 firm has a 50-day moving average of $7.53 and a two-hundred day moving average of $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.
See Also
- Five stocks we like better than Power Assets
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Receive News & Ratings for Power Assets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Assets and related companies with MarketBeat.com's FREE daily email newsletter.
