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

The InterGroup Co. (NASDAQ:INTG) was the target of a large growth in short interest in 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. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 1.1 days.

The InterGroup Stock Up 2.2 %

Shares of NASDAQ:INTG traded up $0.30 during trading on Friday, hitting $14.22. 4,859 shares of the company’s stock were exchanged, compared to its average volume of 1,428. The firm has a 50-day moving average price of $14.14 and a two-hundred day moving average price of $16.36. The InterGroup has a 1-year low of $12.00 and a 1-year high of $25.89.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other The InterGroup news, Director John C. Love sold 10,485 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $14.25, for a total value of $149,411.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 81.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC raised its stake in The InterGroup Co. (NASDAQ:INTG) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 341,990 shares of the financial services provider’s stock after buying an additional 11,302 shares during the quarter. PFG Investments LLC owned about 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.

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.