Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 2,334 shares, a growth of 219.7% from the June 30th total of 730 shares. Based on an average daily volume of 3,551 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are short sold.
Power Assets Stock Up 4.0%
Shares of Power Assets stock traded up $0.30 during trading on Tuesday, hitting $7.84. 494 shares of the stock traded hands, compared to its average volume of 2,419. The company has a fifty day moving average price of $7.52 and a two-hundred day moving average price of $7.77. Power Assets has a twelve month low of $6.09 and a twelve month high of $8.61. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.02.
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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