The InterGroup Co. (NASDAQ:INTG) Sees Significant Growth in Short Interest

The InterGroup Co. (NASDAQ:INTG) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 4,200 shares, an increase of 100.0% from the August 31st total of 2,100 shares. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the company’s shares are sold short.

The InterGroup Trading Up 4.0 %

Shares of The InterGroup stock traded up $0.59 during trading hours on Friday, reaching $15.26. 3,656 shares of the company’s stock were exchanged, compared to its average volume of 7,782. The firm has a market capitalization of $33.37 million, a price-to-earnings ratio of -2.13 and a beta of 0.32. The company has a fifty day moving average of $18.07 and a 200-day moving average of $20.47. The InterGroup has a 52-week low of $13.92 and a 52-week high of $33.28.

Institutional Trading of The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC raised its stake in The InterGroup Co. (NASDAQ:INTG) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,688 shares of the financial services provider’s stock after purchasing an additional 7,859 shares during the quarter. PFG Investments LLC owned about 15.12% of The InterGroup worth $6,825,000 at the end of the most recent quarter. 3.36% of the stock is currently owned by institutional investors and hedge funds.

About The InterGroup

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.