The InterGroup Co. (NASDAQ:INTG) Short Interest Update

The InterGroup Co. (NASDAQ:INTG) was the recipient of a significant 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. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on The InterGroup in a research note on Friday, December 13th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On The InterGroup

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

The InterGroup Price Performance

The InterGroup stock opened at $14.04 on Wednesday. The company’s 50-day moving average is $14.38 and its 200-day moving average is $17.56. The firm has a market capitalization of $30.44 million, a PE ratio of -3.50 and a beta of 0.28. The InterGroup has a fifty-two week low of $13.10 and a fifty-two week high of $26.68.

The InterGroup (NASDAQ:INTG) last announced its quarterly earnings results on Monday, September 30th. The financial services provider reported ($1.70) earnings per share for the quarter. The business had revenue of $13.43 million during the quarter.

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.