Short Interest in InterContinental Hotels Group PLC (NYSE:IHG) Increases By 14.7%

InterContinental Hotels Group PLC (NYSE:IHG) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 426,000 shares, an increase of 14.7% from the July 15th total of 371,400 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 193,900 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of InterContinental Hotels Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock worth $35,000 after acquiring an additional 106 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of InterContinental Hotels Group in the 2nd quarter valued at approximately $36,000. Allspring Global Investments Holdings LLC acquired a new stake in InterContinental Hotels Group in the 1st quarter worth approximately $48,000. Transcendent Capital Group LLC purchased a new stake in InterContinental Hotels Group during the 2nd quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC increased its stake in InterContinental Hotels Group by 65.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock valued at $48,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Trading Down 0.3 %

Shares of NYSE:IHG traded down $0.26 during trading on Friday, reaching $96.27. The stock had a trading volume of 106,459 shares, compared to its average volume of 181,904. The firm’s 50-day simple moving average is $102.75 and its 200 day simple moving average is $102.16. InterContinental Hotels Group has a one year low of $70.06 and a one year high of $112.08. The company has a market capitalization of $15.56 billion, a P/E ratio of 19.77, a PEG ratio of 1.51 and a beta of 1.33.

InterContinental Hotels Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, August 30th will be issued a $0.532 dividend. This is a positive change from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. This represents a yield of 1.6%. The ex-dividend date is Friday, August 30th. InterContinental Hotels Group’s payout ratio is currently 21.77%.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.