Short Interest in Power Assets Holdings Ltd. (OTCMKTS:HGKGY) Increases By 18.5%

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

Power Assets Price Performance

Shares of OTCMKTS:HGKGY opened at $7.82 on Monday. The firm has a fifty day moving average of $7.69 and a two-hundred day moving average of $6.97. Power Assets has a 12-month low of $5.81 and a 12-month high of $8.33.

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.