The Intergroup Corporation (NASDAQ:INTG) Sees Significant Drop in Short Interest

The Intergroup Corporation (NASDAQ:INTG) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 2,305 shares, a decline of 51.5% from the December 15th total of 4,750 shares. Based on an average daily volume of 19,903 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 19,903 shares, the short-interest ratio is presently 0.1 days.

Intergroup Trading Down 7.2%

NASDAQ INTG traded down $2.29 during trading hours on Thursday, reaching $29.38. 42,928 shares of the company traded hands, compared to its average volume of 17,911. The stock has a market capitalization of $63.17 million, a PE ratio of -11.57 and a beta of 0.21. Intergroup has a 12 month low of $9.57 and a 12 month high of $42.50. The company has a 50 day moving average of $30.48 and a two-hundred day moving average of $22.94.

Intergroup (NASDAQ:INTG) last issued its earnings results on Wednesday, November 12th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter. The firm had revenue of $17.91 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd lifted its position in shares of The Intergroup Corporation (NASDAQ:INTG) by 11.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,795 shares of the financial services provider’s stock after acquiring an additional 2,636 shares during the period. Qube Research & Technologies Ltd owned about 1.15% of Intergroup worth $298,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on INTG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a report on Friday, January 9th. Wall Street Zen raised shares of Intergroup to a “sell” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Intergroup Company Profile

Intergroup Corporation (NASDAQ: INTG) is a U.S.-based manufacturer and marketer of industrial and food packaging products. Through its operating subsidiaries, the company produces a broad array of container solutions including corrugated paperboard, recycled fiberboard, plastic and fiber-plastic combinations, as well as wood and tin packaging. These products serve a diverse customer base across the food processing, consumer goods, pharmaceutical, and industrial sectors.

The company’s product portfolio encompasses custom-designed cartons, paper and plastic boxes, and heavy-duty shipping containers tailored to meet the specific strength, moisture resistance, and storage requirements of its customers.