Short Interest in Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) Rises By 706.3%

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,024 shares, an increase of 706.3% from the May 14th total of 127 shares. Based on an average daily volume of 1,350 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are short sold.

Income Opportunity Realty Investors Trading Up 3.9%

Income Opportunity Realty Investors stock opened at $17.98 on Friday. Income Opportunity Realty Investors has a 12 month low of $16.61 and a 12 month high of $19.69. The business’s 50 day simple moving average is $18.02 and its 200 day simple moving average is $18.24. The company has a market cap of $73.18 million, a price-to-earnings ratio of 18.16 and a beta of -0.01.

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

Insider Buying and Selling

In other news, major shareholder Realty Invest Transcontinental acquired 3,000 shares of the company’s stock in a transaction that occurred on 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 completion of the purchase, the insider owned 3,443,529 shares in the company, valued at approximately $61,776,910.26. This trade represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 8,617 shares of company stock valued at $154,334 in the last quarter. 83.16% of the stock is currently owned by corporate 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.