The InterGroup Co. (NASDAQ:INTG) Sees Large Growth in Short Interest

The InterGroup Co. (NASDAQ:INTG) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 10,000 shares, an increase of 138.1% from the September 15th total of 4,200 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of The InterGroup from a “hold” rating to a “sell” rating in a report on Friday.

The InterGroup Trading Down 3.8 %

The InterGroup stock opened at $14.34 on Friday. The InterGroup has a 12 month low of $13.92 and a 12 month high of $31.40. The company has a market capitalization of $31.36 million, a price-to-earnings ratio of -2.01 and a beta of 0.31. The business’s fifty day simple moving average is $17.09 and its two-hundred day simple moving average is $19.98.

The InterGroup (NASDAQ:INTG) last announced its quarterly earnings results on Monday, September 30th. The financial services provider reported ($1.70) earnings per share (EPS) for the quarter. The company had revenue of $13.43 million for the quarter.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC grew its holdings in The InterGroup Co. (NASDAQ:INTG) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,688 shares of the financial services provider’s stock after purchasing an additional 7,859 shares during the period. PFG Investments LLC owned about 15.12% of The InterGroup worth $6,825,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.36% of the company’s stock.

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.