The InterGroup Co. (NASDAQ:INTG) Short Interest Update

The InterGroup Co. (NASDAQ:INTG) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 4,800 shares, a growth of 20.0% from the December 15th total of 4,000 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

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

The InterGroup Price Performance

Shares of The InterGroup stock traded up $0.30 during trading hours on Friday, hitting $14.22. The company had a trading volume of 4,859 shares, compared to its average volume of 1,428. The company’s 50-day moving average is $14.14 and its two-hundred day moving average is $16.36. The company has a market cap of $30.86 million, a P/E ratio of -3.55 and a beta of 0.26. The InterGroup has a twelve month low of $12.00 and a twelve month high of $25.89.

Insider Activity at The InterGroup

In other 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 81.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC raised its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after acquiring an additional 11,302 shares during the period. PFG Investments LLC owned approximately 15.64% of The InterGroup worth $5,280,000 as of its most recent SEC filing. 3.36% of the stock is currently owned by institutional investors and hedge funds.

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.