Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,009 shares, an increase of 373.8% from the May 14th total of 424 shares. Based on an average trading volume of 1,391 shares, the short-interest ratio is presently 1.4 days. Approximately 0.0% of the shares of the company are short sold.
Power Assets Stock Up 1.7%
HGKGY stock opened at $7.12 on Thursday. Power Assets has a fifty-two week low of $5.91 and a fifty-two week high of $8.61. The firm’s 50-day simple moving average is $8.04 and its 200 day simple moving average is $7.64.
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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