Short Interest in Retail Opportunity Investments Corp. Expands By 68.7% (ROIC)
Retail Opportunity Investments Corp. (NASDAQ:ROIC) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 3,953,330 shares, a growth of 68.7% from the April 30th total of 2,342,721 shares, Stock Ratings News reports. Based on an average daily volume of 1,467,429 shares, the days-to-cover ratio is currently 2.7 days. Currently, 5.8% of the company’s stock are sold short.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 15.80 on Monday. Retail Opportunity Investments Corp. has a 1-year low of $12.60 and a 1-year high of $16.22. The stock’s 50-day moving average is $15.68 and its 200-day moving average is $14.91. The company has a market cap of $1.183 billion and a P/E ratio of 33.93.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.04.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Wednesday, June 11th.
Retail Opportunity Investments Corp. is a fully integrated, self-managed real estate investment trust (NASDAQ:ROIC).
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