The Intergroup Corporation (NASDAQ:INTG) Short Interest Down 33.3% in July

The Intergroup Corporation (NASDAQ:INTG) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 5,000 shares, adropof33.3% from the July 15th total of 7,500 shares. Currently,0.8% of the company’s stock are short sold. Based on an average trading volume of 3,700 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 3,700 shares, the short-interest ratio is presently 1.4 days. Currently,0.8% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on shares of Intergroup in a research note on Thursday, May 22nd. They issued a “hold” rating for the company.

Intergroup Trading Up 15.5%

NASDAQ:INTG opened at $14.30 on Thursday. Intergroup has a 12 month low of $9.57 and a 12 month high of $19.24. The firm has a fifty day simple moving average of $12.03 and a 200-day simple moving average of $12.49. The company has a market capitalization of $30.75 million, a P/E ratio of -4.19 and a beta of 0.12.

Insider Activity at Intergroup

In other news, CEO John V. Winfield bought 3,100 shares of the stock in a transaction on Thursday, June 26th. The stock was bought at an average cost of $14.50 per share, for a total transaction of $44,950.00. Following the completion of the purchase, the chief executive officer directly owned 1,456,279 shares in the company, valued at approximately $21,116,045.50. The trade was a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David C. Gonzalez bought 2,700 shares of the stock in a transaction on Wednesday, June 25th. The stock was purchased at an average price of $13.36 per share, with a total value of $36,072.00. Following the completion of the purchase, the chief operating officer owned 35,529 shares of the company’s stock, valued at $474,667.44. This represents a 8.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 12,460 shares of company stock valued at $165,768. 74.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Intergroup

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd lifted its stake in shares of The Intergroup Corporation (NASDAQ:INTG) by 11.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,795 shares of the financial services provider’s stock after buying an additional 2,636 shares during the period. Qube Research & Technologies Ltd owned approximately 1.15% of Intergroup worth $298,000 at the end of the most recent quarter. Institutional investors own 3.36% of the company’s stock.

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.