Power Assets Holdings Limited (OTCMKTS:HGKGY) Short Interest Up 51.0% in December

Power Assets Holdings Limited (OTCMKTS:HGKGY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 23,400 shares, an increase of 51.0% from the December 15th total of 15,500 shares. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is presently 2.4 days.

Power Assets Price Performance

Shares of HGKGY stock traded up $0.45 during trading hours on Friday, reaching $6.98. 5,706 shares of the company’s stock were exchanged, compared to its average volume of 2,564. The stock’s fifty day moving average price is $6.60 and its two-hundred day moving average price is $6.51. Power Assets has a 1 year low of $5.10 and a 1 year high of $7.18.

About Power Assets

Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also transmits and distributes oil and gas; and provides trust administration and management services.