Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 438 shares, a decrease of 78.2% from the May 31st total of 2,009 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 10,752 shares, the days-to-cover ratio is currently 0.0 days.
Power Assets Stock Performance
HGKGY remained flat at $7.62 during trading on Monday. The company’s stock had a trading volume of 5,545 shares, compared to its average volume of 3,886. The business’s 50-day moving average is $7.85 and its 200 day moving average is $7.69. Power Assets has a 1-year low of $5.91 and a 1-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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