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

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,300 shares, an increase of 76.9% from the February 28th total of 1,300 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 1.9 days.

Income Opportunity Realty Investors Stock Performance

Shares of IOR stock traded down $0.02 on Friday, hitting $17.46. 2,221 shares of the company’s stock were exchanged, compared to its average volume of 1,397. The stock’s 50 day moving average is $17.64. The company has a market capitalization of $71.06 million, a PE ratio of 11.96 and a beta of 0.15. Income Opportunity Realty Investors has a 12 month low of $15.69 and a 12 month high of $19.00.

Insider Transactions at Income Opportunity Realty Investors

In other news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $18.00 per share, with a total value of $390,204.00. Following the acquisition, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. This trade represents a 0.64 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 83.16% of the stock is currently owned by insiders.

Income Opportunity Realty Investors Company Profile

Income Opportunity Realty Investors, Inc, a Dallas-based real estate investment company, currently holds a portfolio of notes receivable. The Company invests in real estate through direct equity ownership and partnerships.