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

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

Insider Activity at Income Opportunity Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 1,700 shares of the stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $17.89 per share, for a total transaction of $30,413.00. Following the completion of the purchase, the insider owned 3,449,104 shares of the company’s stock, valued at approximately $61,704,470.56. This represents a 0.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 8,617 shares of company stock worth $154,334 in the last three months. Insiders own 83.16% of the company’s stock.

Income Opportunity Realty Investors Trading Down 1.1%

Shares of NYSEAMERICAN:IOR traded down $0.20 on Wednesday, hitting $17.30. 103 shares of the company were exchanged, compared to its average volume of 2,109. Income Opportunity Realty Investors has a 1-year low of $16.61 and a 1-year high of $19.69. The stock’s 50 day moving average price is $18.04 and its 200 day moving average price is $18.25. The firm has a market capitalization of $70.41 million, a P/E ratio of 17.47 and a beta of -0.01.

Income Opportunity Realty Investors (NYSEAMERICAN:IOR) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.25 EPS 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.