InterContinental Hotels Group PLC (NYSE:IHG – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 426,000 shares, a growth of 14.7% from the July 15th total of 371,400 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 193,900 shares, the days-to-cover ratio is currently 2.2 days.
InterContinental Hotels Group Stock Performance
Shares of NYSE IHG traded down $0.26 during mid-day trading on Friday, hitting $96.27. 106,459 shares of the stock were exchanged, compared to its average volume of 181,904. The company has a market cap of $15.56 billion, a P/E ratio of 19.77, a PEG ratio of 1.51 and a beta of 1.33. InterContinental Hotels Group has a twelve month low of $70.06 and a twelve month high of $112.08. The stock’s fifty day simple moving average is $102.75 and its two-hundred day simple moving average is $102.16.
InterContinental Hotels Group Increases Dividend
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, August 30th will be paid a $0.532 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 1.6%. This is a positive change from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. InterContinental Hotels Group’s payout ratio is currently 21.77%.
Institutional Inflows and Outflows
InterContinental Hotels Group Company Profile
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.
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