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

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the recipient of a large decline in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,722 shares, the short-interest ratio is currently 0.1 days.

Income Opportunity Realty Investors Stock Performance

NYSEAMERICAN:IOR remained flat at $18.44 during trading hours on Tuesday. 1,150 shares of the company’s stock were exchanged, compared to its average volume of 2,957. The stock has a market cap of $75.05 million, a price-to-earnings ratio of 18.63 and a beta of -0.01. The company’s 50 day simple moving average is $17.95 and its 200 day simple moving average is $18.21. Income Opportunity Realty Investors has a fifty-two week low of $16.61 and a fifty-two week high of $19.69.

Income Opportunity Realty Investors (NYSEAMERICAN:IOR) last released its quarterly 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 for the quarter.

Insider Activity at Income Opportunity Realty Investors

In other Income Opportunity Realty Investors news, major shareholder Realty Invest Transcontinental acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average price of $17.94 per share, for a total transaction of $53,820.00. Following the completion of the transaction, the insider owned 3,443,529 shares of the company’s stock, valued at approximately $61,776,910.26. This represents a 0.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have acquired 8,575 shares of company stock worth $153,589. 83.16% of the stock is owned by insiders.

Income Opportunity Realty Investors Company Profile

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.