Short Interest in The InterGroup Co. (NASDAQ:INTG) Increases By 5.5%

The InterGroup Co. (NASDAQ:INTG) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,800 shares, an increase of 5.5% from the October 31st total of 5,500 shares. Based on an average trading volume of 8,100 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Trading of The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC lifted its holdings in The InterGroup Co. (NASDAQ:INTG) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,990 shares of the financial services provider’s stock after acquiring an additional 11,302 shares during the quarter. PFG Investments LLC owned approximately 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of The InterGroup from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd.

The InterGroup Price Performance

Shares of INTG stock opened at $14.62 on Wednesday. The stock’s fifty day simple moving average is $14.61 and its 200 day simple moving average is $18.11. The InterGroup has a one year low of $13.10 and a one year high of $26.68. The firm has a market cap of $31.73 million, a price-to-earnings ratio of -3.65 and a beta of 0.28.

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

The InterGroup Company Profile

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.