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Retail Opportunity Investments Corp. (NASDAQ:ROIC) saw a significant decline in short interest in June. As of June 13th, there was short interest totalling 2,885,070 shares, a decline of 18.4% from the May 30th total of 3,534,582 shares, Analyst Ratings Network reports. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily volume of 1,718,444 shares, the days-to-cover ratio is currently 1.7 days.

Separately, analysts at BMO Capital Markets raised their price target on shares of Retail Opportunity Investments Corp. from $17.00 to $18.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock.

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 15.83 on Wednesday. Retail Opportunity Investments Corp. has a 52-week low of $12.60 and a 52-week high of $16.30. The stock’s 50-day moving average is $15.72 and its 200-day moving average is $15.10. The company has a market cap of $1.185 billion and a P/E ratio of 33.97.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.04. Analysts expect that Retail Opportunity Investments Corp. will post $0.19 EPS for the current fiscal year.

Retail Opportunity Investments Corp. is a fully integrated, self-managed real estate investment trust (NASDAQ:ROIC).

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