Power Assets Holdings Limited (OTCMKTS:HGKGY) Sees Significant Growth in Short Interest

Power Assets Holdings Limited (OTCMKTS:HGKGY) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 23,400 shares, a growth of 51.0% from the December 15th total of 15,500 shares. Based on an average daily trading volume, of 9,700 shares, the short-interest ratio is currently 2.4 days.

Power Assets Trading Up 6.8 %

Shares of HGKGY stock traded up $0.45 during mid-day trading on Friday, hitting $6.98. 5,706 shares of the stock were exchanged, compared to its average volume of 2,564. Power Assets has a 52-week low of $5.10 and a 52-week high of $7.18. The firm has a fifty day moving average of $6.60 and a 200 day moving average of $6.51.

About Power Assets

Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also transmits and distributes oil and gas; and provides trust administration and management services.