Power Assets Holdings Limited (OTCMKTS:HGKGY) Sees Large Drop in Short Interest

Power Assets Holdings Limited (OTCMKTS:HGKGY) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 100 shares, a drop of 90.0% from the May 31st total of 1,000 shares. Based on an average trading volume of 2,700 shares, the short-interest ratio is currently 0.0 days.

Power Assets Stock Performance

Shares of OTCMKTS:HGKGY traded up $0.10 during trading on Thursday, reaching $5.33. 2,438 shares of the company traded hands, compared to its average volume of 3,691. The business’s fifty day moving average is $5.63 and its 200-day moving average is $5.72. Power Assets has a 52-week low of $4.51 and a 52-week high of $6.13.

Power Assets Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, May 28th were issued a dividend of $0.2408 per share. The ex-dividend date was Friday, May 24th. This is an increase from Power Assets’s previous dividend of $0.08.

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.