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

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,200 shares, a drop of 47.8% from the March 15th total of 2,300 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.

Insider Buying and Selling at Income Opportunity Realty Investors

In other Income Opportunity Realty Investors news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the company's stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of $18.00 per share, with a total value of $390,204.00. Following the completion of the purchase, the insider now owns 3,403,248 shares of the company's stock, valued at approximately $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have purchased 32,858 shares of company stock worth $586,695 over the last quarter. Corporate insiders own 83.16% of the company's stock.

Income Opportunity Realty Investors Stock Performance

Shares of IOR stock traded up $0.36 during trading hours on Monday, hitting $18.17. 5,909 shares of the company were exchanged, compared to its average volume of 1,523. Income Opportunity Realty Investors has a fifty-two week low of $15.69 and a fifty-two week high of $19.00. The company has a 50 day simple moving average of $17.51 and a two-hundred day simple moving average of $17.38. The firm has a market cap of $73.95 million, a P/E ratio of 12.45 and a beta of 0.15.

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.