Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 424 shares, a decline of 98.3% from the April 30th total of 25,655 shares. Based on an average daily trading volume, of 2,209 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.
Power Assets Price Performance
Shares of HGKGY stock traded down $0.52 on Friday, hitting $7.60. The stock had a trading volume of 1,071 shares, compared to its average volume of 2,158. Power Assets has a twelve month low of $5.91 and a twelve month high of $8.61. The company has a fifty day moving average price of $8.15 and a two-hundred day moving average price of $7.60.
Power Assets Company Profile
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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