Short Interest in Power REIT (NYSEAMERICAN:PW) Drops By 7.6%

Power REIT (NYSEAMERICAN:PW) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 11,000 shares, a drop of 7.6% from the June 30th total of 11,900 shares. Based on an average trading volume of 15,300 shares, the short-interest ratio is presently 0.7 days. Approximately 0.9% of the shares of the stock are short sold.

Shares of Power REIT stock opened at $9.65 on Friday. Power REIT has a 12 month low of $5.10 and a 12 month high of $10.16.

In other Power REIT news, CEO David H. Lesser purchased 4,300 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $5.99 per share, with a total value of $25,757.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders acquired 6,200 shares of company stock worth $36,877.

An institutional investor recently bought a new position in Power REIT stock. Keybank National Association OH purchased a new position in shares of Power REIT (NYSEAMERICAN:PW) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,652 shares of the financial services provider’s stock, valued at approximately $79,000. Keybank National Association OH owned about 0.73% of Power REIT at the end of the most recent reporting period.

Power REIT Company Profile

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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