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

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 325 shares, a decline of 68.3% from the May 31st total of 1,024 shares. Based on an average daily volume of 2,722 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Income Opportunity Realty Investors Stock Up 1.0%

NYSEAMERICAN:IOR traded up $0.19 on Monday, reaching $18.44. 1,150 shares of the company’s stock traded hands, compared to its average volume of 2,957. The stock has a 50-day simple moving average of $17.95 and a 200-day simple moving average of $18.21. The firm has a market cap of $75.05 million, a PE ratio of 18.63 and a beta of -0.01. Income Opportunity Realty Investors has a 12 month low of $16.61 and a 12 month high of $19.69.

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

Insider Buying and Selling at Income Opportunity Realty Investors

In other news, major shareholder Realty Invest Transcontinental acquired 3,000 shares of Income Opportunity Realty Investors stock in a transaction dated Tuesday, May 5th. The stock was purchased at an average cost of $17.94 per share, with a total value of $53,820.00. Following the completion of the purchase, the insider directly owned 3,443,529 shares in the company, valued at approximately $61,776,910.26. This trade represents a 0.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 8,575 shares of company stock valued at $153,589 in the last three months. Corporate insiders own 83.16% of the company’s stock.

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.