The InterGroup Co. (NASDAQ:INTG) Sees Significant Decline in Short Interest

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in The InterGroup stock. International Assets Investment Management LLC bought a new stake in shares of The InterGroup Co. (NASDAQ:INTG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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 & Exchange Commission. 3.36% of the stock is currently owned by institutional investors.

The InterGroup Price Performance

Shares of NASDAQ:INTG opened at $21.94 on Monday. The firm has a market capitalization of $47.83 million, a PE ratio of -3.74 and a beta of 0.29. The business has a 50 day simple moving average of $21.73 and a two-hundred day simple moving average of $22.71. The InterGroup has a 1 year low of $16.27 and a 1 year high of $40.50.

The InterGroup (NASDAQ:INTG) last released its earnings results 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.

About The InterGroup

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.