Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 29,543 shares, a growth of 177.5% from the October 15th total of 10,645 shares. Based on an average daily trading volume, of 19,181 shares, the short-interest ratio is presently 1.5 days. Currently, 0.0% of the company’s stock are sold short.
Power Assets Trading Up 1.3%
OTCMKTS HGKGY opened at $8.19 on Friday. The company has a fifty day moving average price of $7.77 and a 200-day moving average price of $7.78. Power Assets has a 1 year low of $6.38 and a 1 year high of $8.61.
Power Assets Company Profile
Power Assets Holdings Limited is a Hong Kong-based investment holding company focused on energy and utility-related businesses. Its investments include electricity generation, transmission and distribution, as well as gas distribution and other infrastructure services. The company traces its history to Hongkong Electric Holdings, established in 1976. It adopted the Power Assets name in 2010 as its business expanded beyond its historic Hong Kong electricity operations to include a broader portfolio of utility investments.
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