Transcontinental Realty Investors, Inc. (NYSE:TCI) Shares Shorted: Short Interest Down 40.4% in October

Key Points

• Short interest fell 40.4% to 25,979 shares as of October 15, representing approximately 2.2% of TCI’s outstanding stock and 1.9 days of average trading volume.
• TCI shares recently traded at $49.87, with a market capitalization of about $430.9 million; the company reported quarterly revenue of $12.87 million and a loss of $0.13 per share.
• Analyst sentiment remains negative, with the stock carrying a consensus “Sell” rating. Meanwhile, Tidal Investments initiated a position of 15,747 shares valued at approximately $724,000.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 25,979 shares, a drop of 40.4% from the September 30th total of 43,562 shares. Based on an average daily volume of 13,960 shares, the short-interest ratio is currently 1.9 days. Approximately 2.2% of the company's stock are short sold.

Transcontinental Realty Investors Stock Performance

Shares of TCI stock traded down $0.56 during trading hours on Friday, reaching $49.87. The company had a trading volume of 3,936 shares, compared to its average volume of 11,064. Transcontinental Realty Investors has a 12-month low of $31.48 and a 12-month high of $59.65. The company has a market capitalization of $430.88 million, a price-to-earnings ratio of 53.05 and a beta of 0.55. The stock has a fifty day moving average of $43.36 and a 200-day moving average of $41.82.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported ($0.13) earnings per share for the quarter. Transcontinental Realty Investors had a net margin of 16.08% and a negative return on equity of 0.17%. The firm had revenue of $12.87 million during the quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TCI. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings cut Transcontinental Realty Investors from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of "Sell".

Institutional Investors Weigh In On Transcontinental Realty Investors

An institutional investor recently bought a new position in Transcontinental Realty Investors stock. Tidal Investments LLC purchased a new stake in Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,747 shares of the real estate investment trust's stock, valued at approximately $724,000. Tidal Investments LLC owned 0.18% of Transcontinental Realty Investors as of its most recent SEC filing.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc NYSE: TCI is a real estate investment company focused on the acquisition, development, ownership and operation of income-producing properties. Its portfolio has historically included multifamily residential communities, office buildings and other commercial real estate.

The company's properties are primarily located in the United States, with a significant presence in Texas and other markets. Its activities include managing and leasing properties, pursuing real estate development opportunities and evaluating acquisitions intended to generate recurring rental income.

Transcontinental Realty Investors has operated as a publicly traded real estate company since 1960.

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