Short Interest in Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) Decreases By 47.8%

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

Insiders Place Their Bets

In other news, major shareholder Realty Invest Transcontinental purchased 1,500 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $17.62 per share, with a total value of $26,430.00. Following the purchase, the insider now directly owns 3,404,748 shares of the company's stock, valued at approximately $59,991,659.76. This represents a 0.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 32,858 shares of company stock worth $586,695 over the last quarter. 83.16% of the stock is owned by corporate insiders.

Income Opportunity Realty Investors Stock Up 0.5 %

Shares of Income Opportunity Realty Investors stock traded up $0.09 on Friday, hitting $17.81. 190 shares of the company's stock traded hands, compared to its average volume of 1,490. Income Opportunity Realty Investors has a 52-week low of $15.69 and a 52-week high of $19.00. The stock has a market cap of $72.49 million, a P/E ratio of 12.20 and a beta of 0.15. The firm's 50-day moving average is $17.51 and its 200 day moving average is $17.38.

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.