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

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) was the target of a large 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. Based on an average trading volume of 1,200 shares, the short-interest ratio is presently 1.9 days. Approximately 0.6% of the shares of the company are short sold.

Income Opportunity Realty Investors Price Performance

Shares of IOR traded down $0.02 during trading hours on Friday, reaching $17.46. 2,221 shares of the company traded hands, compared to its average volume of 1,397. The firm has a fifty day moving average price of $17.64. The stock has a market cap of $71.06 million, a P/E 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 Activity at Income Opportunity Realty Investors

In related news, major shareholder Realty Invest Transcontinental bought 21,678 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $18.00 per share, with a total value of $390,204.00. Following the purchase, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. The trade was a 0.64 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 83.16% of the stock is currently owned by company insiders.

About Income Opportunity Realty Investors

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.