Power REIT (NYSEAMERICAN:PW – Get Rating) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 19,500 shares, a decline of 15.9% from the March 31st total of 23,200 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is presently 1.2 days.

Power REIT Trading Up 3.1 %

PW stock traded up $0.08 during trading on Friday, hitting $2.68. The company had a trading volume of 7,658 shares, compared to its average volume of 16,661. The business has a 50-day moving average of $4.07 and a 200-day moving average of $5.75. Power REIT has a one year low of $2.52 and a one year high of $27.82. The stock has a market cap of $9.09 million, a PE ratio of 2.41 and a beta of 0.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.68.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com assumed coverage on Power REIT in a research note on Tuesday, April 11th. They set a "hold" rating for the company. TheStreet downgraded Power REIT from a "c-" rating to a "d" rating in a research note on Thursday, April 13th.

Hedge Funds Weigh In On Power REIT

A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC boosted its holdings in shares of Power REIT by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 119,696 shares of the financial services provider's stock worth $1,524,000 after buying an additional 7,600 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Power REIT by 2.7% during the first quarter. Vanguard Group Inc. now owns 118,904 shares of the financial services provider's stock worth $4,684,000 after purchasing an additional 3,137 shares during the period. Pensionfund DSM Netherlands raised its position in shares of Power REIT by 75.2% during the first quarter. Pensionfund DSM Netherlands now owns 74,563 shares of the financial services provider's stock worth $279,000 after purchasing an additional 31,997 shares during the period. ETF Managers Group LLC raised its position in shares of Power REIT by 313.0% during the third quarter. ETF Managers Group LLC now owns 21,038 shares of the financial services provider's stock worth $224,000 after purchasing an additional 15,944 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Power REIT during the second quarter worth approximately $198,000. 36.87% of the stock is currently owned by institutional investors.

About Power REIT

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Power REIT is a holding company, which owns a portfolio of real estate assets related to transportation and energy infrastructure. It also expanded its real estate portfolio related to controlled environment agriculture for the cultivation of food and cannabis. The company was founded on August 26, 2011 and is headquartered in Old Bethpage, NY.

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