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

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 325 shares, a drop of 68.3% from the May 31st total of 1,024 shares. Based on an average trading volume of 2,722 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Income Opportunity Realty Investors Stock Performance

Shares of NYSEAMERICAN:IOR remained flat at $18.25 during midday trading on Friday. The stock had a trading volume of 179 shares, compared to its average volume of 3,020. Income Opportunity Realty Investors has a 52-week low of $16.61 and a 52-week high of $19.69. The business has a 50-day simple moving average of $17.94 and a two-hundred day simple moving average of $18.22. The firm has a market cap of $74.28 million, a P/E ratio of 18.43 and a beta of -0.01.

Income Opportunity Realty Investors (NYSEAMERICAN:IOR) last released its earnings results 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.

Insider Buying and Selling at Income Opportunity Realty Investors

In other Income Opportunity Realty Investors news, major shareholder Realty Invest Transcontinental purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of $17.94 per share, for a total transaction of $53,820.00. Following the purchase, the insider directly owned 3,443,529 shares of the company’s stock, valued at $61,776,910.26. The trade was a 0.09% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have acquired 8,577 shares of company stock worth $153,624. Company 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.