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

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

Power Assets Price Performance

Shares of HGKGY traded up $0.45 during trading on Friday, reaching $6.98. 5,706 shares of the company traded hands, compared to its average volume of 2,564. The stock has a 50-day simple moving average of $6.60 and a 200-day simple moving average of $6.51. Power Assets has a twelve month low of $5.10 and a twelve month 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.