Power Assets Holdings Ltd. (OTCMKTS:HGKGY) Sees Large Decline in Short Interest

Power Assets Holdings Ltd. (OTCMKTS:HGKGY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 438 shares, a drop of 78.2% from the May 31st total of 2,009 shares. Based on an average trading volume of 10,752 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Power Assets Trading Down 1.9%

HGKGY traded down $0.15 during trading on Friday, hitting $7.62. The company had a trading volume of 5,545 shares, compared to its average volume of 3,689. Power Assets has a one year low of $5.91 and a one year high of $8.61. The firm’s 50-day moving average price is $7.85 and its 200 day moving average price is $7.68.

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.