Short Interest in The Intergroup Corporation (NASDAQ:INTG) Increases By 36.5%

by · The Cerbat Gem

The Intergroup Corporation (NASDAQ:INTG – Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 4,750 shares, a growth of 36.5% from the November 30th total of 3,480 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 7,861 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 7,861 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.9% of the company’s stock are short sold.

Hedge Funds Weigh In On Intergroup

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd boosted its position in shares of The Intergroup Corporation (NASDAQ:INTG – Free Report) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,795 shares of the financial services provider’s stock after acquiring an additional 2,636 shares during the quarter. Qube Research & Technologies Ltd owned 1.15% of Intergroup worth $298,000 at the end of the most recent reporting period. 3.36% of the stock is owned by institutional investors and hedge funds.

Intergroup Stock Performance

Intergroup stock traded up $1.01 during mid-day trading on Wednesday, reaching $28.39. The company’s stock had a trading volume of 17,534 shares, compared to its average volume of 13,452. Intergroup has a 12 month low of $9.57 and a 12 month high of $42.50. The business’s 50 day simple moving average is $32.37 and its 200 day simple moving average is $21.77. The company has a market capitalization of $61.04 million, a price-to-earnings ratio of -11.18 and a beta of 0.17.

Intergroup (NASDAQ:INTG – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The financial services provider reported ($0.25) EPS for the quarter. The firm had revenue of $17.91 million for the quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Intergroup to a “sell” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on Intergroup

Intergroup Company Profile

(Get Free Report)

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.

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