Power Assets Holdings Ltd. (OTCMKTS:HGKGY) Short Interest Up 18.5% in February

Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 22,982 shares, a growth of 18.5% from the February 12th total of 19,393 shares. Based on an average daily trading volume, of 3,840 shares, the days-to-cover ratio is presently 6.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,840 shares, the days-to-cover ratio is presently 6.0 days.

Power Assets Price Performance

Shares of Power Assets stock opened at $7.82 on Monday. Power Assets has a 1 year low of $5.81 and a 1 year high of $8.33. The stock has a 50-day moving average price of $7.69 and a 200 day moving average price of $6.97.

About Power Assets

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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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