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

The InterGroup Co. (NASDAQ:INTG) was the target of a large 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. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is currently 1.3 days.

The InterGroup Price Performance

NASDAQ:INTG opened at $12.96 on Monday. The InterGroup has a 12-month low of $10.70 and a 12-month high of $24.67. The business has a 50 day simple moving average of $12.86 and a 200 day simple moving average of $13.73. The firm has a market capitalization of $27.92 million, a P/E ratio of -2.83 and a beta of 0.17.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of The InterGroup in a research note on Sunday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC raised its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,949 shares of the financial services provider’s stock after acquiring 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. 3.36% of the stock is currently owned by institutional investors and hedge funds.

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.