The Intergroup Corporation (NASDAQ:INTG) Short Interest Update

The Intergroup Corporation (NASDAQ:INTG) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 28,521 shares, a growth of 190.3% from the May 31st total of 9,826 shares. Based on an average daily trading volume, of 41,572 shares, the days-to-cover ratio is currently 0.7 days. Currently, 5.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Intergroup

An institutional investor recently bought a new stake in Intergroup stock. Geode Capital Management LLC acquired a new stake in The Intergroup Corporation (NASDAQ:INTG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned approximately 0.33% of Intergroup at the end of the most recent quarter. Hedge funds and other institutional investors own 3.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on INTG shares. Wall Street Zen upgraded shares of Intergroup from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Intergroup in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Intergroup Trading Up 5.8%

Shares of NASDAQ INTG traded up $2.66 during mid-day trading on Monday, reaching $48.92. 148,874 shares of the company’s stock were exchanged, compared to its average volume of 34,232. Intergroup has a twelve month low of $9.57 and a twelve month high of $52.00. The firm has a market capitalization of $105.18 million, a price-to-earnings ratio of -543.50 and a beta of 0.06. The business has a fifty day simple moving average of $37.94 and a 200 day simple moving average of $33.72.

Intergroup (NASDAQ:INTG) last issued its quarterly earnings data 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 during the quarter.

About Intergroup

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.