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

Power Assets Holdings Limited (OTCMKTS:HGKGY) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 15,600 shares, a growth of 108.0% from the March 31st total of 7,500 shares. Based on an average trading volume of 5,000 shares, the short-interest ratio is presently 3.1 days.

Power Assets Stock Performance

OTCMKTS HGKGY traded down $0.19 during trading hours on Friday, hitting $5.59. 3,171 shares of the company traded hands, compared to its average volume of 2,700. Power Assets has a twelve month low of $4.51 and a twelve month high of $6.09. The business’s 50-day moving average is $5.81 and its 200-day moving average is $5.50.

Power Assets Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, May 28th will be issued a dividend of $0.2408 per share. This is an increase from Power Assets’s previous dividend of $0.08. The ex-dividend date of this dividend is Friday, May 24th.

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.