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 large decline in short interest in the month of June. As of June 15th, there was short interest totaling 325 shares, a decline of 68.3% from the May 31st total of 1,024 shares. Based on an average daily volume of 2,722 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Income Opportunity Realty Investors Price Performance

Shares of IOR remained flat at $18.25 during trading hours on Friday. The company had a trading volume of 179 shares, compared to its average volume of 3,020. The company has a market cap of $74.28 million, a price-to-earnings ratio of 18.43 and a beta of -0.01. Income Opportunity Realty Investors has a one year low of $16.61 and a one year high of $19.69. The firm has a 50 day moving average price of $17.94 and a two-hundred day moving average price of $18.22.

Income Opportunity Realty Investors (NYSEAMERICAN:IOR) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.25 earnings per share for the quarter. The firm had revenue of $1.38 million during the quarter.

Insiders Place Their Bets

In other news, major shareholder Realty Invest Transcontinental purchased 1,700 shares of the stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $17.89 per share, with a total value of $30,413.00. Following the acquisition, the insider directly owned 3,449,104 shares of the company’s stock, valued at $61,704,470.56. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have acquired 8,577 shares of company stock worth $153,624. 83.16% of the stock is currently owned by insiders.

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.