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

The InterGroup Co. (NASDAQ:INTG) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 4,800 shares, an increase of 20.0% from the December 15th total of 4,000 shares. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is currently 1.1 days. Currently, 0.8% of the company’s stock are short sold.

Insider Buying and Selling

In other The InterGroup news, Director John C. Love sold 10,485 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $14.25, for a total value of $149,411.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 81.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC grew its holdings in The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 15.64% of The InterGroup worth $5,280,000 as of its most recent SEC filing. 3.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of The InterGroup in a report on Tuesday, January 14th. They issued a “hold” rating on the stock.

The InterGroup Price Performance

Shares of NASDAQ:INTG traded up $0.30 on Friday, hitting $14.22. The company had a trading volume of 4,859 shares, compared to its average volume of 1,428. The InterGroup has a 1-year low of $12.00 and a 1-year high of $25.89. The stock has a 50 day moving average price of $14.14 and a 200 day moving average price of $16.36.

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.