Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 1,200 shares, a decrease of 52.0% from the April 30th total of 2,500 shares. Approximately 0.3% of the company's shares are sold short. Based on an average daily volume of 1,500 shares, the short-interest ratio is presently 0.8 days.
Insider Activity
In other news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the company's stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $17.62 per share, with a total value of $26,430.00. Following the transaction, the insider now directly owns 3,404,748 shares in the company, valued at approximately $59,991,659.76. This trade represents a 0.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 20,659 shares of company stock valued at $362,765 over the last three months. Insiders own 83.16% of the company's stock.
Income Opportunity Realty Investors Stock Performance
Shares of NYSEAMERICAN IOR traded up $0.01 during mid-day trading on Monday, reaching $18.46. 512 shares of the company traded hands, compared to its average volume of 1,743. The stock has a market cap of $75.11 million, a PE ratio of 12.64 and a beta of 0.15. The company's fifty day moving average is $17.85 and its two-hundred day moving average is $17.51. Income Opportunity Realty Investors has a fifty-two week low of $15.69 and a fifty-two week high of $19.00.
About Income Opportunity Realty Investors
(
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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.
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