Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 438 shares, a decline of 78.2% from the May 31st total of 2,009 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 10,752 shares, the short-interest ratio is presently 0.0 days.
Power Assets Price Performance
Shares of HGKGY traded down $0.15 during mid-day trading on Friday, hitting $7.62. 5,545 shares of the company’s stock were exchanged, compared to its average volume of 3,689. Power Assets has a 52 week low of $5.91 and a 52 week high of $8.61. The company has a 50-day simple moving average of $7.85 and a 200 day simple moving average of $7.68.
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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