Retail Opportunity Investments Corp. (NASDAQ: ROIC) Short Interest Down 36.1% in January

Retail Opportunity Investments Corp. (NASDAQ:ROIC) was the target of a significant decline in short interest in the month of January. As of January 15, there was short interest totaling 2,880,000 shares, down 36.1% from the December 31 total of 4,510,000 shares. Based on an average daily volume of 1,090,000 shares, the day-to-cover ratio is currently 2.6 days. Currently, 2.4% of the company’s shares are sold short.

ROIC stock traded down $0.42 at midday on Friday, hitting $18.50. 1,122,971 shares of the company were traded, compared to its average volume of 1,044,741. Retail Opportunity Investments has a 52-week low of $13.73 and a 52-week high of $20.09. The stock has a market capitalization of $2.25 billion, a P/E ratio of 41.11, a PEG ratio of 5.36 and a beta of 1.48. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt ratio of 0.98. The stock’s 50-day moving average is $18.79 and its 200-day moving average is $18.17.

The company also recently announced a dividend, which was paid on Friday, January 14. Shareholders of record on Thursday, December 23 received a dividend of $0.07 per share. The ex-dividend date was Wednesday, December 22. Retail Opportunity Investments’ dividend payout ratio is currently 97.78%.

Separately, Zacks Investment Research downgraded shares of Retail Opportunity Investments from a “buy” rating to a “hold” rating in a Wednesday, Jan. 12 research note.

Hedge funds have recently changed their positions in the business. Vanguard Group Inc. increased its stake in the shares of Retail Opportunity Investments by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 18,583,547 shares of the real estate investment trust worth $328,185,000 after purchasing an additional 369,859 shares last quarter. State Street Corp increased its stake in shares of Retail Opportunity Investments by 1.8% during the second quarter. State Street Corp now owns 6,182,666 shares of the real estate investment trust valued at $109,861,000 after buying an additional 107,959 shares last quarter. Ranger Global Real Estate Advisors LLC purchased a new stock position in Retail Opportunity Investments during Q3 at a value of $49,863,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in the shares of Retail Opportunity Investments by 16.6% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,647,908 shares of the REIT valued at $46,127,000 after buying an additional 377,251 shares last quarter. Finally, Northern Trust Corp increased its equity stake in Retail Opportunity Investments by 9.5% during the second quarter. Northern Trust Corp now owns 2,593,090 shares of the real estate investment trust valued at $45,793,000 after buying an additional 224,889 shares last quarter. 95.54% of the shares are held by institutional investors and hedge funds.

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About Investing in Retail Opportunities

Retail Opportunity Investments Corp. operates as a self-directed real estate investment trust. The Company is engaged in the ownership, management and redevelopment of commercial real estate properties. It specializes in the acquisition, ownership and management of grocery-anchored shopping malls located in densely populated West Coast metropolitan markets.

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