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

Transcontinental Realty Investors, Inc. (NYSE:TCI) saw a significant drop in short interest in the month of 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. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Trading of Transcontinental Realty Investors

An institutional investor recently raised its position in Transcontinental Realty Investors stock. Russell Investments Group Ltd. boosted its holdings in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) by 340.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,821 shares of the real estate investment trust’s stock after acquiring an additional 70,189 shares during the quarter. Russell Investments Group Ltd.’s holdings in Transcontinental Realty Investors were worth $3,419,000 at the end of the most recent reporting period.

Transcontinental Realty Investors Trading Up 2.1 %

Shares of TCI traded up $0.58 during midday trading on Friday, hitting $28.12. The stock had a trading volume of 2,899 shares, compared to its average volume of 4,808. Transcontinental Realty Investors has a fifty-two week low of $26.91 and a fifty-two week high of $43.40. The business has a 50-day simple moving average of $28.81 and a two-hundred day simple moving average of $29.79. The firm has a market cap of $242.96 million, a P/E ratio of 48.48 and a beta of 0.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Transcontinental Realty Investors in a report on Saturday. They issued a “sell” rating for the company.

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.