Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 6,007 shares, an increase of 157.4% from the July 15th total of 2,334 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,398 shares, the days-to-cover ratio is presently 1.8 days.
Power Assets Stock Up 6.5%
Power Assets stock opened at $7.49 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.60 and a current ratio of 0.60. Power Assets has a fifty-two week low of $6.09 and a fifty-two week high of $8.61. The company’s 50-day moving average is $7.38 and its 200-day moving average is $7.79.
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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