The InterGroup Co. (NASDAQ:INTG) Short Interest Update

Posted by Charles Blunt on Jun 28th, 2024

The InterGroup Co. (NASDAQ:INTG – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,900 shares, a growth of 375.0% from the May 31st total of 400 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is currently 0.2 days.

The InterGroup Stock Performance

Shares of INTG traded down $0.22 during midday trading on Friday, hitting $21.00. The company had a trading volume of 95 shares, compared to its average volume of 8,549. The company’s 50-day simple moving average is $21.69 and its 200-day simple moving average is $21.68. The firm has a market capitalization of $45.99 million, a P/E ratio of -2.97 and a beta of 0.33. The InterGroup has a 1 year low of $16.27 and a 1 year high of $38.73.

The InterGroup (NASDAQ:INTG – Get Free Report) last posted its earnings results on Tuesday, May 14th. The financial services provider reported ($1.44) earnings per share for the quarter. The company had revenue of $14.88 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on The InterGroup in a report on Tuesday, April 30th. They set a “sell” rating for the company.

Check Out Our Latest Research Report on INTG

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in The InterGroup stock. PFG Investments LLC purchased a new stake in The InterGroup Co. (NASDAQ:INTG – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 322,829 shares of the financial services provider’s stock, valued at approximately $7,248,000. PFG Investments LLC owned approximately 14.77% of The InterGroup at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.36% of the company’s stock.

About The InterGroup

(Get Free Report)

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. The company operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. Its hotel consists of guest rooms and luxury suites, a restaurant, a lounge, a private dining room, meeting room space, a gym, a grand ballroom, 5-level underground parking garage, a pedestrian bridge, and a Chinese culture center.