Power Assets Holdings Limited (OTCMKTS:HGKGY) Short Interest Up 44.4% in April

Power Assets Holdings Limited (OTCMKTS:HGKGYGet Rating) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 3,900 shares, an increase of 44.4% from the April 15th total of 2,700 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is currently 1.6 days.

Shares of OTCMKTS:HGKGY traded up $0.08 during mid-day trading on Friday, reaching $6.86. 817 shares of the company traded hands, compared to its average volume of 3,076. The company’s 50 day moving average price is $6.61 and its 200-day moving average price is $6.30. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.04. Power Assets has a 52 week low of $5.66 and a 52 week high of $6.90.

Power Assets Company Profile (Get Rating)

Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes 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; holds property and deposits; and provides consulting, investing, trust administration, and management services.

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