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

The InterGroup Co. (NASDAQ:INTG) was the recipient of a significant drop in short interest in the month of 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. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is presently 0.8 days.

The InterGroup Stock Up 1.3 %

NASDAQ:INTG opened at $14.24 on Tuesday. The stock has a market cap of $30.87 million, a PE ratio of -3.55 and a beta of 0.28. The business’s 50-day simple moving average is $14.38 and its two-hundred day simple moving average is $17.56. The InterGroup has a 52 week low of $13.10 and a 52 week high of $26.68.

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

Institutional Trading of The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC lifted its position in The InterGroup Co. (NASDAQ:INTG) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the quarter. PFG Investments LLC owned about 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 started coverage on The InterGroup in a research note on Friday. They set a “hold” rating for the company.

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.