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

The InterGroup Co. (NASDAQ:INTG) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 900 shares, a decline of 10.0% from the March 31st total of 1,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently bought a new stake in The InterGroup stock. International Assets Investment Management LLC purchased a new stake in The InterGroup Co. (NASDAQ:INTG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,825 shares of the financial services provider’s stock, valued at approximately $193,000. International Assets Investment Management LLC owned about 0.45% of The InterGroup as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 3.36% of the company’s stock.

The InterGroup Trading Down 4.8 %

The InterGroup stock opened at $20.63 on Wednesday. The company has a fifty day simple moving average of $21.74 and a 200 day simple moving average of $22.60. The InterGroup has a 1-year low of $16.27 and a 1-year high of $38.73. The company has a market cap of $44.97 million, a P/E ratio of -3.51 and a beta of 0.29.

The InterGroup (NASDAQ:INTG) last released its quarterly earnings data on Friday, February 16th. The financial services provider reported ($0.69) EPS for the quarter. The firm had revenue of $14.32 million during the quarter.

Analyst Upgrades and Downgrades

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

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.