Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) Short Interest Update

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the recipient of a large 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. Based on an average daily volume of 1,350 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company’s shares are short sold.

Insider Activity at Income Opportunity Realty Investors

In other news, major shareholder Realty Invest Transcontinental purchased 3,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the insider owned 3,443,529 shares in the company, valued at approximately $61,776,910.26. This trade represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have bought 8,617 shares of company stock worth $154,334. 83.16% of the stock is currently owned by insiders.

Income Opportunity Realty Investors Stock Up 3.9%

IOR traded up $0.68 on Thursday, reaching $17.98. 13,072 shares of the company traded hands, compared to its average volume of 2,351. Income Opportunity Realty Investors has a one year low of $16.61 and a one year high of $19.69. The firm has a fifty day simple moving average of $18.03 and a two-hundred day simple moving average of $18.24. The company has a market cap of $73.18 million, a P/E ratio of 18.16 and a beta of -0.01.

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