Short Interest in Power Assets Holdings Limited (OTCMKTS:HGKGY) Expands By 108.0%

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

Power Assets Stock Performance

Shares of HGKGY traded down $0.19 during mid-day trading on Friday, hitting $5.59. 3,171 shares of the company’s stock were exchanged, compared to its average volume of 2,700. The firm has a fifty day moving average of $5.81 and a two-hundred day moving average of $5.50. Power Assets has a twelve month low of $4.51 and a twelve month high of $6.09.

Power Assets Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.2408 per share. This is a positive change from Power Assets’s previous dividend of $0.08. The ex-dividend date is Friday, May 24th.

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.