Power Assets Holdings Limited (OTCMKTS:HGKGY) Short Interest Update

Power Assets Holdings Limited (OTCMKTS:HGKGY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 200 shares, an increase of 100.0% from the August 31st total of 100 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 0.1 days.

Power Assets Price Performance

HGKGY stock traded down $0.07 during midday trading on Friday, hitting $6.54. The stock had a trading volume of 313 shares, compared to its average volume of 2,937. Power Assets has a 52 week low of $4.51 and a 52 week high of $7.18. The stock has a 50-day simple moving average of $6.69 and a 200 day simple moving average of $6.02. 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 business also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.0801 per share. The ex-dividend date of this dividend is Thursday, September 12th.

Power Assets Company Profile

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.