Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 424 shares, a decline of 98.3% from the April 30th total of 25,655 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,209 shares, the short-interest ratio is currently 0.2 days.
Power Assets Stock Performance
HGKGY stock traded down $0.43 during midday trading on Wednesday, hitting $7.99. 495 shares of the company’s stock were exchanged, compared to its average volume of 1,041. The stock’s fifty day moving average price is $8.14 and its 200-day moving average price is $7.59. Power Assets has a one year low of $5.91 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.
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