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

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR - Get Free Report) was the recipient of a significant growth in short interest in 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 shares of the stock are short sold. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is currently 1.9 days.

Income Opportunity Realty Investors Stock Performance

IOR stock remained flat at $17.50 during mid-day trading on Wednesday. The company's stock had a trading volume of 1,727 shares, compared to its average volume of 1,399. Income Opportunity Realty Investors has a fifty-two week low of $15.69 and a fifty-two week high of $19.00. The company's fifty day moving average is $17.60. The stock has a market cap of $71.23 million, a price-to-earnings ratio of 11.99 and a beta of 0.15.

Insiders Place Their Bets

In other news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the stock in a transaction on Wednesday, January 29th. The stock was purchased at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the acquisition, the insider now owns 3,403,248 shares in the company, valued at $61,258,464. This trade represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 83.16% of the company's stock.

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.