Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) Short Interest Up 76.9% in March

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,300 shares, an increase of 76.9% from the February 28th total of 1,300 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.6% of the company’s shares are sold short.

Insider Activity at Income Opportunity Realty Investors

In other news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the purchase, the insider now directly owns 3,403,248 shares of the company’s stock, valued at $61,258,464. The trade was a 0.64 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 83.16% of the stock is owned by insiders.

Income Opportunity Realty Investors Stock Performance

Shares of NYSEAMERICAN:IOR traded down $0.02 during trading on Friday, reaching $17.46. 2,221 shares of the stock were exchanged, compared to its average volume of 1,397. Income Opportunity Realty Investors has a 12-month low of $15.69 and a 12-month high of $19.00. The company has a 50-day moving average price of $17.64. The firm has a market capitalization of $71.06 million, a price-to-earnings ratio of 11.96 and a beta of 0.15.

About Income Opportunity Realty Investors

Income Opportunity Realty Investors, Inc, a Dallas-based real estate investment company, currently holds a portfolio of notes receivable. The Company invests in real estate through direct equity ownership and partnerships.