Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) was the recipient of a significant 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 3,398 shares, the short-interest ratio is currently 1.8 days.
Power Assets Price Performance
OTCMKTS:HGKGY opened at $7.49 on Friday. Power Assets has a 1-year low of $6.09 and a 1-year high of $8.61. The company has a 50-day moving average of $7.39 and a 200 day moving average of $7.78. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.02.
About Power Assets
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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