Power Assets Holdings Limited (OTCMKTS:HGKGY) Sees Large Decrease in Short Interest

Power Assets Holdings Limited (OTCMKTS:HGKGY) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 500 shares, a decrease of 28.6% from the July 15th total of 700 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 0.2 days.

Power Assets Trading Up 0.6 %

Shares of Power Assets stock traded up $0.04 during trading hours on Friday, hitting $6.89. The company’s stock had a trading volume of 709 shares, compared to its average volume of 3,296. Power Assets has a 12 month low of $4.51 and a 12 month high of $7.18. The stock has a 50 day moving average of $5.91 and a 200 day moving average of $5.84. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03.

Power Assets Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be issued a $0.0801 dividend. The ex-dividend date is Thursday, September 12th.

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.