The InterGroup Co. (NASDAQ:INTG) Short Interest Up 375.0% in June

The InterGroup Co. (NASDAQ:INTG) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 1,900 shares, an increase of 375.0% from the May 31st total of 400 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is currently 0.2 days.

The InterGroup Price Performance

The InterGroup stock traded down $0.26 during mid-day trading on Thursday, reaching $21.22. The stock had a trading volume of 6,244 shares, compared to its average volume of 6,737. The company has a market capitalization of $46.47 million, a price-to-earnings ratio of -2.92 and a beta of 0.33. The company has a 50-day moving average price of $21.71 and a two-hundred day moving average price of $21.69. The InterGroup has a one year low of $16.27 and a one year high of $38.73.

The InterGroup (NASDAQ:INTG) last announced its quarterly earnings results on Tuesday, May 14th. The financial services provider reported ($1.44) earnings per share (EPS) for the quarter. The company had revenue of $14.88 million for the quarter.

Hedge Funds Weigh In On The InterGroup

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 4th quarter, according to the company in its most recent 13F filing with the Securities and 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 0.45% of The InterGroup as of its most recent filing with the Securities and Exchange Commission. 3.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of The InterGroup in a report on Tuesday, April 30th. They set a “sell” rating on the stock.

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.