InterContinental Hotels Group PLC (NYSE:IHG) Short Interest Update

InterContinental Hotels Group PLC (NYSE:IHG) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 296,000 shares, an increase of 6.4% from the October 31st total of 278,200 shares. Based on an average daily trading volume, of 153,200 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.2% of the company’s shares are short sold.

InterContinental Hotels Group Trading Up 1.2 %

NYSE:IHG opened at $127.98 on Wednesday. The firm’s fifty day simple moving average is $116.44 and its 200 day simple moving average is $107.18. InterContinental Hotels Group has a twelve month low of $80.61 and a twelve month high of $128.43.

Institutional Investors Weigh In On InterContinental Hotels Group

A number of large investors have recently modified their holdings of IHG. Bank of New York Mellon Corp lifted its holdings in InterContinental Hotels Group by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock worth $1,337,000 after buying an additional 106 shares during the period. GAMMA Investing LLC lifted its stake in shares of InterContinental Hotels Group by 15.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock valued at $107,000 after purchasing an additional 135 shares during the period. QRG Capital Management Inc. boosted its position in shares of InterContinental Hotels Group by 0.6% during the third quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock valued at $3,056,000 after purchasing an additional 152 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of InterContinental Hotels Group by 7.2% during the second quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock valued at $244,000 after purchasing an additional 154 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC grew its stake in InterContinental Hotels Group by 1.6% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 11,485 shares of the company’s stock worth $1,269,000 after purchasing an additional 177 shares during the period. Institutional investors own 15.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IHG shares. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, InterContinental Hotels Group has an average rating of “Hold”.

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.