InterContinental Hotels Group PLC (NYSE:IHG) Short Interest Down 9.4% in July

InterContinental Hotels Group PLC (NYSE:IHG) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 371,400 shares, a decline of 9.4% from the June 30th total of 410,000 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 168,000 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of InterContinental Hotels Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its holdings in InterContinental Hotels Group by 46.9% during the 1st quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after buying an additional 106 shares in the last quarter. Rothschild Investment LLC purchased a new position in InterContinental Hotels Group during the second quarter valued at $36,000. Allspring Global Investments Holdings LLC bought a new stake in InterContinental Hotels Group in the 1st quarter valued at $48,000. EverSource Wealth Advisors LLC lifted its stake in InterContinental Hotels Group by 65.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock worth $48,000 after purchasing an additional 191 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new position in shares of InterContinental Hotels Group during the 2nd quarter valued at about $50,000. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Trading Down 4.4 %

IHG stock traded down $4.43 during trading on Thursday, reaching $96.90. The company’s stock had a trading volume of 494,221 shares, compared to its average volume of 176,704. The company’s fifty day moving average is $104.30 and its 200-day moving average is $102.13. InterContinental Hotels Group has a 1 year low of $70.06 and a 1 year high of $112.08.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.