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

The InterGroup Co. (NASDAQ:INTG) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 3,800 shares, a decline of 20.8% from the March 15th total of 4,800 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of The InterGroup in a research note on Sunday. They issued a “hold” rating for the company.

The InterGroup Stock Down 2.6 %

Shares of NASDAQ:INTG traded down $0.34 during midday trading on Friday, reaching $12.96. 3,639 shares of the company traded hands, compared to its average volume of 6,429. The InterGroup has a 12 month low of $10.70 and a 12 month high of $24.67. The firm’s fifty day moving average price is $12.86 and its two-hundred day moving average price is $13.74. The firm has a market capitalization of $27.92 million, a price-to-earnings ratio of -2.83 and a beta of 0.17.

The InterGroup (NASDAQ:INTG) last announced its quarterly earnings results on Friday, February 14th. The financial services provider reported ($1.26) earnings per share (EPS) for the quarter. The firm had revenue of $14.44 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC boosted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 343,949 shares of the financial services provider’s stock after buying an additional 1,959 shares during the period. PFG Investments LLC owned approximately 15.85% of The InterGroup worth $4,908,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.36% of the company’s stock.

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.