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

The InterGroup Co. (NASDAQ:INTG) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 4,200 shares, a growth of 100.0% from the August 31st total of 2,100 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is currently 0.5 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC lifted its position in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,688 shares of the financial services provider’s stock after acquiring an additional 7,859 shares during the quarter. PFG Investments LLC owned 15.12% of The InterGroup worth $6,825,000 at the end of the most recent quarter. Institutional investors own 3.36% of the company’s stock.

The InterGroup Price Performance

NASDAQ INTG traded up $0.59 on Friday, hitting $15.26. 3,656 shares of the company’s stock were exchanged, compared to its average volume of 7,782. The firm’s 50-day moving average price is $18.07 and its two-hundred day moving average price is $20.47. The InterGroup has a fifty-two week low of $13.92 and a fifty-two week high of $33.28. The firm has a market cap of $33.37 million, a price-to-earnings ratio of -2.13 and a beta of 0.32.

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.