Short Interest in Power Assets Holdings Limited (OTCMKTS:HGKGY) Increases By 3,971.4%

Power Assets Holdings Limited (OTCMKTS:HGKGY - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 28,500 shares, an increase of 3,971.4% from the September 30th total of 700 shares. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is currently 1.1 days.

Power Assets Price Performance

Shares of Power Assets stock traded down $0.03 during trading on Friday, reaching $6.61. 826 shares of the company's stock were exchanged, compared to its average volume of 3,563. The firm's 50-day moving average price is $6.65 and its 200 day moving average price is $6.11. Power Assets has a 1-year low of $4.63 and a 1-year high of $7.18.

Power Assets Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 1st. Investors of record on Thursday, September 12th were paid a $0.0801 dividend. The ex-dividend date of this dividend was Thursday, September 12th.

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.