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

Posted by Maddie Sorensen on Dec 17th, 2024

The InterGroup Co. (NASDAQ:INTG – Get Free Report) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 5,300 shares, a drop of 8.6% from the November 15th total of 5,800 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is currently 0.8 days. Currently, 0.8% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of The InterGroup in a report on Friday. They issued a “hold” rating for the company.

Check Out Our Latest Stock Analysis on The InterGroup

The InterGroup Stock Up 1.3 %

Shares of The InterGroup stock opened at $14.24 on Tuesday. The InterGroup has a 52 week low of $13.10 and a 52 week high of $26.68. The company has a market capitalization of $30.87 million, a PE ratio of -3.55 and a beta of 0.28. The stock’s fifty day moving average is $14.38 and its two-hundred day moving average is $17.56.

The InterGroup (NASDAQ:INTG – Get Free Report) last issued its earnings results on Monday, September 30th. The financial services provider reported ($1.70) EPS for the quarter. The business had revenue of $13.43 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC grew its position in The InterGroup Co. (NASDAQ:INTG – Free Report) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 341,990 shares of the financial services provider’s stock after buying an additional 11,302 shares during the quarter. PFG Investments LLC owned 15.64% of The InterGroup worth $5,280,000 at the end of the most recent reporting period. Institutional investors own 3.36% of the company’s stock.

The InterGroup Company Profile

(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.