Short Interest in The InterGroup Co. (NASDAQ:INTG) Rises By 138.1%

The InterGroup Co. (NASDAQ:INTG) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 10,000 shares, a growth of 138.1% from the September 15th total of 4,200 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 1.0 days. Approximately 1.6% of the shares of the company are short sold.

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 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,688 shares of the financial services provider’s stock after buying an additional 7,859 shares during the quarter. PFG Investments LLC owned approximately 15.12% of The InterGroup worth $6,825,000 at the end of the most recent reporting period. Institutional investors own 3.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

The InterGroup Stock Performance

Shares of NASDAQ INTG traded down $0.56 during trading on Friday, reaching $14.34. The company had a trading volume of 5,769 shares, compared to its average volume of 7,804. The stock has a market cap of $31.36 million, a PE ratio of -2.08 and a beta of 0.31. The business’s 50 day moving average price is $17.16 and its 200-day moving average price is $20.05. The InterGroup has a 52 week low of $13.92 and a 52 week high of $31.40.

The InterGroup (NASDAQ:INTG) last issued its quarterly earnings data 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.

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.