The Intergroup Corporation (NASDAQ:INTG) Sees Large Increase in Short Interest

The Intergroup Corporation (NASDAQ:INTG) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 7,492 shares, an increase of 134.6% from the April 15th total of 3,194 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 37,434 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INTG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a report on Wednesday, April 8th. Wall Street Zen upgraded shares of Intergroup from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Intergroup

A hedge fund recently bought a new stake in Intergroup stock. Geode Capital Management LLC bought a new stake in shares of The Intergroup Corporation (NASDAQ:INTG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned about 0.33% of Intergroup as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 3.36% of the company’s stock.

Intergroup Stock Down 4.8%

Shares of INTG stock traded down $1.85 during trading hours on Friday, hitting $36.52. 40,478 shares of the company’s stock traded hands, compared to its average volume of 20,983. The stock’s fifty day simple moving average is $36.96 and its two-hundred day simple moving average is $32.86. Intergroup has a 12-month low of $9.57 and a 12-month high of $43.83. The stock has a market cap of $78.48 million, a price-to-earnings ratio of -405.73 and a beta of 0.08.

Intergroup (NASDAQ:INTG) last released its earnings results on Monday, May 11th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $20.37 million for the quarter.

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.