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

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,836 shares, an increase of 464.9% from the June 15th total of 325 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 3,065 shares, the days-to-cover ratio is currently 0.6 days.

Insider Activity

In other news, major shareholder Realty Invest Transcontinental purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were purchased 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 owned 3,443,529 shares of the company’s stock, valued at approximately $61,776,910.26. This represents a 0.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have acquired 21,619 shares of company stock valued at $385,150. Insiders own 83.16% of the company’s stock.

Income Opportunity Realty Investors Stock Up 3.9%

Shares of IOR stock traded up $0.72 during mid-day trading on Monday, hitting $19.12. 2,823 shares of the stock were exchanged, compared to its average volume of 2,535. Income Opportunity Realty Investors has a 52-week low of $16.61 and a 52-week high of $19.48. The company has a market cap of $77.82 million, a PE ratio of 19.31 and a beta of -0.02. The firm has a fifty day moving average of $18.02 and a 200 day moving average of $18.20.

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

Income Opportunity Realty Investors Company Profile

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.