Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get 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
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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