Power REIT (NYSEAMERICAN:PW) Sees Large Growth in Short Interest

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Power REIT (NYSEAMERICAN:PW) saw a large increase in short interest in November. As of November 29th, there was short interest totalling 5,200 shares, an increase of 333.3% from the November 14th total of 1,200 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,400 shares, the days-to-cover ratio is currently 0.2 days.

An institutional investor recently raised its position in Power REIT stock. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Power REIT (NYSEAMERICAN:PW) by 9.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,911 shares of the financial services provider’s stock after acquiring an additional 12,400 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned approximately 7.79% of Power REIT worth $846,000 as of its most recent filing with the SEC.

NYSEAMERICAN PW traded down $0.24 on Wednesday, reaching $9.30. The company’s stock had a trading volume of 24,044 shares, compared to its average volume of 14,375. Power REIT has a 52 week low of $5.10 and a 52 week high of $11.20.

About Power REIT

Power REIT is a real estate investment trust (REIT) that acquires, owns and manages real-estate related to energy and transportation infrastructure. Infrastructure assets often have significant embedded real-estate value due to their proximity to supporting infrastructure, favorable geographic or other locational advantages and ownership of hard to acquire operating permits and/or rights of way.

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