Transcontinental Realty Investors, Inc. (NYSE:TCI) Short Interest Down 30.7% in September

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 7,900 shares, a drop of 30.7% from the September 15th total of 11,400 shares. Approximately 0.7% of the company's stock are short sold. Based on an average daily volume of 2,900 shares, the short-interest ratio is currently 2.7 days.

Institutional Investors Weigh In On Transcontinental Realty Investors

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. Russell Investments Group Ltd. grew its stake in Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 340.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,821 shares of the real estate investment trust's stock after buying an additional 70,189 shares during the period. Russell Investments Group Ltd.'s holdings in Transcontinental Realty Investors were worth $3,419,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Transcontinental Realty Investors in a research note on Saturday. They set a "sell" rating on the stock.

Transcontinental Realty Investors Stock Performance

TCI traded up $0.58 during trading on Friday, hitting $28.12. The stock had a trading volume of 2,899 shares, compared to its average volume of 4,808. The company has a market capitalization of $242.96 million, a PE ratio of 48.48 and a beta of 0.59. Transcontinental Realty Investors has a twelve month low of $26.91 and a twelve month high of $43.40. The stock has a 50 day simple moving average of $28.81 and a two-hundred day simple moving average of $29.73.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc, a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate.