The InterGroup Co. (NASDAQ:INTG – Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 900 shares, a decrease of 10.0% from the March 31st total of 1,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in The InterGroup stock. PFG Investments LLC purchased a new stake in The InterGroup Co. (NASDAQ:INTG – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 322,829 shares of the financial services provider’s stock, valued at approximately $7,248,000. PFG Investments LLC owned approximately 14.77% of The InterGroup at the end of the most recent quarter. 3.36% of the stock is owned by institutional investors.
The InterGroup Stock Up 2.7 %
INTG stock opened at $21.94 on Monday. The company’s 50-day simple moving average is $21.73 and its 200-day simple moving average is $22.71. The InterGroup has a 52-week low of $16.27 and a 52-week high of $40.50. The firm has a market cap of $47.83 million, a P/E ratio of -3.74 and a beta of 0.29.
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.
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