Transcontinental Realty Investors, Inc. (NYSE:TCI) Short Interest Up 26.8% in April


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Transcontinental Realty Investors, Inc. (NYSE:TCI) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 32,600 shares, an increase of 26.8% from the March 31st total of 25,700 shares. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is currently 12.1 days. Approximately 2.6% of the company’s stock are sold short.

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. increased its position in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) by 173.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,640 shares of the real estate investment trust’s stock after buying an additional 2,310 shares during the quarter. JPMorgan Chase & Co.’s holdings in Transcontinental Realty Investors were worth $87,000 at the end of the most recent quarter. 2.13% of the stock is currently owned by institutional investors.

Shares of Transcontinental Realty Investors stock traded down $0.16 on Tuesday, reaching $21.01. 2,018 shares of the company’s stock were exchanged, compared to its average volume of 2,757. The firm’s 50-day moving average is $21.42 and its two-hundred day moving average is $23.47. The company has a market capitalization of $181.51 million, a P/E ratio of 211.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.95 and a current ratio of 0.95. Transcontinental Realty Investors has a 52 week low of $16.65 and a 52 week high of $40.42.

Separately, TheStreet upgraded Transcontinental Realty Investors from a “d+” rating to a “c-” rating in a research note on Tuesday, April 13th.

Transcontinental Realty Investors Company Profile

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 apartments, office buildings, 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.

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