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 growth in short interest during the month of May. As of May 15th, there was short interest totalling 800 shares, a growth of 300.0% from the April 30th total of 200 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is currently 0.4 days.

Power Assets Stock Up 1.1 %

Power Assets stock traded up $0.06 during mid-day trading on Friday, reaching $5.42. 518 shares of the stock traded hands, compared to its average volume of 3,497. Power Assets has a 12-month low of $4.53 and a 12-month high of $6.69. The business’s 50-day moving average is $5.54 and its 200-day moving average is $5.44.

Power Assets Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 23rd will be paid a $0.2399 dividend. This is a positive change from Power Assets’s previous dividend of $0.08. The ex-dividend date is Monday, May 22nd. This represents a dividend yield of 5.44%.

About Power Assets

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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.