Short Interest in Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) Expands By 464.9%

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,836 shares, a growth of 464.9% from the June 15th total of 325 shares. Based on an average trading volume of 3,065 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Income Opportunity Realty Investors Stock Performance

Income Opportunity Realty Investors stock traded up $0.72 during midday trading on Monday, hitting $19.12. 2,823 shares of the company were exchanged, compared to its average volume of 2,537. The firm has a market capitalization of $77.82 million, a PE ratio of 19.31 and a beta of -0.02. The business has a fifty day simple moving average of $18.02 and a two-hundred day simple moving average of $18.20. Income Opportunity Realty Investors has a fifty-two week low of $16.61 and a fifty-two week high of $19.48.

Income Opportunity Realty Investors (NYSEAMERICAN:IOR) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. The company 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 bought 1,500 shares of the stock in a transaction on Monday, June 22nd. The stock was bought at an average cost of $17.75 per share, for a total transaction of $26,625.00. Following the completion of the purchase, the insider directly owned 3,460,847 shares in the company, valued at approximately $61,430,034.25. The trade was a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have bought 21,619 shares of company stock valued at $385,150. 83.16% of the stock is currently owned by company insiders.

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.