The Intergroup Corporation (NASDAQ:INTG) Short Interest Update

The Intergroup Corporation (NASDAQ:INTG) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 17,800 shares, an increase of 53.4% from the August 31st total of 11,600 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.9% of the shares of the stock are short sold. Approximately 2.9% of the shares of the stock are short sold. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 3.6 days.

Intergroup Stock Up 2.7%

Shares of INTG stock opened at $20.52 on Thursday. The firm has a fifty day moving average of $16.20 and a 200-day moving average of $13.69. Intergroup has a 12-month low of $9.57 and a 12-month high of $20.87. The company has a market capitalization of $44.20 million, a price-to-earnings ratio of -8.31 and a beta of 0.15.

Intergroup (NASDAQ:INTG) last issued its quarterly earnings data on Tuesday, September 30th. The financial services provider reported ($0.76) earnings per share (EPS) for the quarter. The firm had revenue of $16.21 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intergroup in a research note on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Intergroup

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd grew its holdings in The Intergroup Corporation (NASDAQ:INTG) by 11.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,795 shares of the financial services provider’s stock after purchasing an additional 2,636 shares during the period. Qube Research & Technologies Ltd owned about 1.15% of Intergroup worth $298,000 at the end of the most recent quarter. 3.36% of the stock is currently owned by institutional investors and hedge funds.

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.