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

The InterGroup Co. (NASDAQ:INTG) was the recipient 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 short-interest ratio is currently 1.1 days. Currently, 0.8% of the shares of the stock are sold short.

The InterGroup Stock Up 2.2 %

Shares of The InterGroup stock traded up $0.30 during trading on Friday, hitting $14.22. 4,859 shares of the company were exchanged, compared to its average volume of 1,428. The InterGroup has a fifty-two week low of $12.00 and a fifty-two week high of $25.89. The firm has a 50 day moving average price of $14.14 and a 200 day moving average price of $16.36. The stock has a market capitalization of $30.86 million, a price-to-earnings ratio of -3.55 and a beta of 0.26.

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 stock was sold at an average price of $14.25, for a total value of $149,411.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 81.90% of the stock is owned by insiders.

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC boosted its holdings in The InterGroup Co. (NASDAQ:INTG) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after buying an additional 11,302 shares during the period. PFG Investments LLC owned 15.64% of The InterGroup worth $5,280,000 at the end of the most recent reporting period. Institutional investors own 3.36% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of The InterGroup in a report on Tuesday, January 14th. They set a “hold” rating for the company.

About The InterGroup

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.