Power Assets Holdings Limited (OTCMKTS:HGKGY - Get Free Report) was the recipient of a significant increase in short interest during the month of 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 volume of 5,000 shares, the days-to-cover ratio is presently 3.1 days.
Power Assets Trading Down 3.3 %
OTCMKTS HGKGY traded down $0.19 on Friday, reaching $5.59. 3,171 shares of the company's stock traded hands, compared to its average volume of 2,700. Power Assets has a fifty-two week low of $4.51 and a fifty-two week high of $6.09. The stock has a 50 day moving average price of $5.81 and a 200-day moving average price of $5.51.
Power Assets Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 28th will be given a $0.2408 dividend. The ex-dividend date of this dividend is Friday, May 24th. This is a positive change from Power Assets's previous dividend of $0.08.
About Power Assets
(
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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.
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