Power Assets Holdings Limited (OTCMKTS:HGKGY) Sees Significant Growth in Short Interest

Power Assets Holdings Limited (OTCMKTS:HGKGY – Get Rating) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 800 shares, an increase of 300.0% from the April 30th total of 200 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is currently 0.4 days.

Power Assets Stock Performance

Shares of OTCMKTS:HGKGY traded up $0.06 during midday trading on Friday, hitting $5.42. 518 shares of the stock were exchanged, compared to its average volume of 3,497. The business’s 50-day moving average price is $5.54 and its 200 day moving average price is $5.44. Power Assets has a 12 month low of $4.53 and a 12 month high of $6.69.

Power Assets Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, June 13th. Investors of record on Tuesday, May 23rd will be issued a $0.2399 dividend. The ex-dividend date of this dividend is Monday, May 22nd. This is a boost from Power Assets’s previous dividend of $0.08. This represents a yield of 5.44%.

About Power Assets

(Get Rating)

Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes 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; holds property and deposits; and provides consulting, investing, trust administration, and management services.