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

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

Income Opportunity Realty Investors Stock Performance

IOR stock opened at $17.46 on Monday. Income Opportunity Realty Investors has a twelve month low of $15.69 and a twelve month high of $19.00. The stock has a market capitalization of $71.06 million, a price-to-earnings ratio of 11.96 and a beta of 0.15. The stock has a fifty day simple moving average of $17.64.

Insiders Place Their Bets

In other Income Opportunity Realty Investors news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of Income Opportunity Realty Investors stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the acquisition, the insider now owns 3,403,248 shares in the company, valued at $61,258,464. This represents a 0.64 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 83.16% of the stock is 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.