Power Assets Holdings Ltd. (OTCMKTS:HGKGY) Short Interest Up 157.4% in July

Power Assets Holdings Ltd. (OTCMKTS:HGKGY) was the recipient of a large increase in short interest in the month of 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. Based on an average daily volume of 3,398 shares, the short-interest ratio is presently 1.8 days. Approximately 0.0% of the shares of the stock are short sold.

Power Assets Price Performance

HGKGY opened at $7.49 on Friday. The company has a fifty day moving average price of $7.39 and a 200-day moving average price of $7.78. 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 one year low of $6.09 and a one year high of $8.61.

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.