The InterGroup Co. (NASDAQ:INTG) Short Interest Down 8.6% in November

The InterGroup Co. (NASDAQ:INTG) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 5,300 shares, a decline of 8.6% from the November 15th total of 5,800 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC grew its position in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,688 shares of the financial services provider’s stock after buying an additional 7,859 shares during the quarter. PFG Investments LLC owned 15.12% of The InterGroup worth $6,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 3.36% of the stock is owned by hedge funds and other institutional investors.

The InterGroup Stock Performance

NASDAQ:INTG opened at $14.06 on Monday. The firm has a market capitalization of $30.48 million, a price-to-earnings ratio of -3.51 and a beta of 0.28. The InterGroup has a 52-week low of $13.10 and a 52-week high of $26.68. The stock has a fifty day moving average of $14.41 and a 200 day moving average of $17.63.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on The InterGroup in a report on Friday. They issued a “hold” rating for the company.

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.