The InterGroup Co. (NASDAQ:INTG) Short Interest Up 20.0% in December

The InterGroup Co. (NASDAQ:INTG) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 4,800 shares, an increase of 20.0% from the December 15th total of 4,000 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 1.1 days.

The InterGroup Price Performance

Shares of NASDAQ:INTG traded up $0.30 during midday trading on Friday, reaching $14.22. The company had a trading volume of 4,859 shares, compared to its average volume of 1,428. The stock has a market capitalization of $30.86 million, a P/E ratio of -3.55 and a beta of 0.26. The stock’s fifty day moving average price is $14.14 and its 200-day moving average price is $16.36. The InterGroup has a one year low of $12.00 and a one year high of $25.89.

Insiders Place Their Bets

In other news, Director John C. Love sold 10,485 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $14.25, for a total value of $149,411.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 81.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC increased its position in The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the period. PFG Investments LLC owned 15.64% of The InterGroup worth $5,280,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on The InterGroup in a report on Tuesday, January 14th. They issued a “hold” rating for the company.

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.