Power Assets Holdings Ltd. (OTCMKTS:HGKGY) Short Interest Update

Power Assets Holdings Ltd. (OTCMKTS:HGKGY) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 6,007 shares, a growth of 157.4% from the July 15th total of 2,334 shares. Based on an average daily trading volume, of 3,398 shares, the short-interest ratio is presently 1.8 days. Approximately 0.0% of the company’s shares are short sold.

Power Assets Price Performance

OTCMKTS:HGKGY opened at $7.49 on Friday. Power Assets has a 12-month low of $6.09 and a 12-month high of $8.61. The stock’s fifty day simple moving average is $7.38 and its 200-day simple moving average is $7.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.60 and a current ratio of 0.60.

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.