Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) Sees Significant Growth in Short Interest

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,024 shares, an increase of 706.3% from the May 14th total of 127 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,350 shares, the days-to-cover ratio is presently 0.8 days.

Insider Transactions at Income Opportunity Realty Investors

In other Income Opportunity Realty Investors news, major shareholder Realty Invest Transcontinental acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average cost of $17.94 per share, with a total value of $53,820.00. Following the completion of the acquisition, the insider directly owned 3,443,529 shares in the company, valued at $61,776,910.26. This represents a 0.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 8,617 shares of company stock worth $154,334 over the last 90 days. Company insiders own 83.16% of the company’s stock.

Income Opportunity Realty Investors Stock Down 1.1%

IOR stock traded down $0.20 during trading on Wednesday, hitting $17.30. 103 shares of the company’s stock traded hands, compared to its average volume of 2,109. The firm has a market capitalization of $70.41 million, a P/E ratio of 17.47 and a beta of -0.01. The business has a fifty day simple moving average of $18.04 and a two-hundred day simple moving average of $18.25. Income Opportunity Realty Investors has a 1 year low of $16.61 and a 1 year high of $19.69.

Income Opportunity Realty Investors (NYSEAMERICAN:IOR) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.25 earnings per share for the quarter. The firm had revenue of $1.38 million during the quarter.

About Income Opportunity Realty Investors

Income Opportunity Realty Investors, Inc is a real estate investment trust organized in October 2001 that focuses on owning, acquiring and managing income-producing retail properties. The company’s portfolio primarily consists of grocery-anchored, multi-tenant retail shopping centers and strip retail centers designed to serve everyday consumer needs.

The REIT seeks out properties with solid cash flows and creditworthy anchor tenants, such as grocery and pharmacy operators, in small to mid-sized markets across the United States.