The InterGroup Co. (NASDAQ:INTG – Get Rating) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,100 shares, a growth of 450.0% from the December 31st total of 200 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the company's shares are sold short.
Wall Street Analyst Weigh In
Separately, TheStreet downgraded The InterGroup from a "c-" rating to a "d+" rating in a research report on Thursday.
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Hedge Funds Weigh In On The InterGroup
An institutional investor recently raised its position in The InterGroup stock. UBS Group AG boosted its position in shares of The InterGroup Co. (NASDAQ:INTG – Get Rating) by 3,033.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 658 shares of the financial services provider's stock after acquiring an additional 637 shares during the quarter. UBS Group AG's holdings in The InterGroup were worth $34,000 at the end of the most recent quarter. 1.32% of the stock is owned by institutional investors and hedge funds.
The InterGroup Price Performance
Shares of NASDAQ:INTG opened at $42.51 on Friday. The business has a 50-day moving average price of $47.29 and a 200 day moving average price of $48.70. The InterGroup has a 12-month low of $38.63 and a 12-month high of $59.00.
The InterGroup (NASDAQ:INTG – Get Rating) last issued its quarterly earnings data on Friday, November 11th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $16.39 million during the quarter.
The InterGroup Company Profile
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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 544 guest rooms and luxury suites with approximately 22,000 square feet of meeting room space, a grand ballroom, 5-level underground parking garage, a pedestrian bridge, and a Chinese culture center.
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