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

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the recipient of a significant increase in short interest during the month of 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 company’s shares are sold short. Based on an average trading volume of 3,065 shares, the short-interest ratio is presently 0.6 days.

Income Opportunity Realty Investors Price Performance

IOR remained flat at $18.40 during midday trading on Friday. The company’s stock had a trading volume of 9 shares, compared to its average volume of 1,794. Income Opportunity Realty Investors has a fifty-two week low of $16.61 and a fifty-two week high of $19.69. The firm has a 50 day moving average price of $18.02 and a two-hundred day moving average price of $18.20. The company has a market cap of $74.89 million, a PE ratio of 18.59 and a beta of -0.02.

Income Opportunity Realty Investors (NYSEAMERICAN:IOR) last issued its quarterly earnings data 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.

Insider Buying and Selling at Income Opportunity Realty Investors

In other Income Opportunity Realty Investors news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average cost of $17.75 per share, with a total value of $26,625.00. Following the completion of the purchase, the insider directly owned 3,460,847 shares of the company’s stock, valued at $61,430,034.25. This trade represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have bought 21,619 shares of company stock worth $385,150 in the last ninety days. Corporate insiders own 83.16% of the company’s stock.

About Income Opportunity Realty Investors

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.