The InterGroup Co. (NASDAQ:INTG) Short Interest Down 33.0% in October

The InterGroup Co. (NASDAQ:INTG) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 6,700 shares, a drop of 33.0% from the September 30th total of 10,000 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is currently 0.7 days.

The InterGroup Stock Performance

Shares of NASDAQ INTG traded up $0.06 during midday trading on Friday, hitting $14.04. 7,515 shares of the company traded hands, compared to its average volume of 7,634. The InterGroup has a 12-month low of $13.65 and a 12-month high of $30.03. The stock has a 50-day moving average price of $16.41 and a 200 day moving average price of $19.50. The firm has a market cap of $30.71 million, a P/E ratio of -1.96 and a beta of 0.31.

The InterGroup (NASDAQ:INTG) last announced its earnings results on Monday, September 30th. The financial services provider reported ($1.70) earnings per share (EPS) for the quarter. The firm had revenue of $13.43 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of The InterGroup from a “hold” rating to a “sell” rating in a research report on Friday, October 11th.

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC raised its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after buying an additional 11,302 shares during the quarter. PFG Investments LLC owned about 15.64% of The InterGroup worth $5,280,000 at the end of the most recent quarter. 3.36% of the stock is owned by institutional investors and hedge funds.

The InterGroup Company Profile

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.