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

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of The InterGroup in a research report on Thursday. They set a “hold” rating for the company.

The InterGroup Trading Up 0.1 %

Shares of INTG stock traded up $0.02 during trading on Friday, reaching $13.95. The company’s stock had a trading volume of 1,807 shares, compared to its average volume of 4,173. The stock’s 50-day moving average price is $13.95 and its 200 day moving average price is $15.76. The InterGroup has a 1-year low of $11.75 and a 1-year high of $25.30.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC raised its position in The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to its most recent Form 13F 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 quarter. 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.