Short Interest in The InterGroup Co. (NASDAQ:INTG) Increases By 20.0%

The InterGroup Co. (NASDAQ:INTG) was the target of a significant increase in short interest in 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 days-to-cover ratio is presently 1.1 days. Currently, 0.8% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on The InterGroup in a research note on Tuesday, January 14th. They issued a “hold” rating on the stock.

The InterGroup Stock Performance

The InterGroup stock traded up $0.30 during trading on Friday, reaching $14.22. The company had a trading volume of 4,859 shares, compared to its average volume of 1,428. The InterGroup has a 12-month low of $12.00 and a 12-month high of $25.89. The stock’s 50 day moving average price is $14.14 and its two-hundred day moving average price is $16.36. The firm has a market capitalization of $30.86 million, a price-to-earnings ratio of -3.55 and a beta of 0.26.

Insider Transactions at The InterGroup

In other news, Director John C. Love sold 10,485 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $14.25, for a total transaction of $149,411.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 81.90% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC increased its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.36% of the company’s stock.

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.