The Intergroup Corporation (NASDAQ:INTG) Sees Significant Growth in Short Interest

The Intergroup Corporation (NASDAQ:INTG) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,859 shares, an increase of 67.4% from the December 31st total of 2,305 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 23,028 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 23,028 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the shares of the company are sold short.

Intergroup Price Performance

Shares of INTG stock traded down $0.17 during trading hours on Friday, reaching $30.75. 6,463 shares of the company’s stock were exchanged, compared to its average volume of 19,208. The company’s 50 day moving average is $29.23 and its two-hundred day moving average is $24.34. The company has a market cap of $66.11 million, a P/E ratio of -12.11 and a beta of 0.21. Intergroup has a 1 year low of $9.57 and a 1 year high of $42.50.

Intergroup (NASDAQ:INTG) last announced its quarterly earnings data on Wednesday, November 12th. The financial services provider reported ($0.25) earnings per share for the quarter. The company had revenue of $17.91 million during the quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a research note on Friday, January 9th. Wall Street Zen upgraded shares of Intergroup to a “sell” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of Intergroup

A hedge fund recently raised its stake in Intergroup stock. Qube Research & Technologies Ltd increased its stake in shares of The Intergroup Corporation (NASDAQ:INTG) by 11.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,795 shares of the financial services provider’s stock after buying an additional 2,636 shares during the period. Qube Research & Technologies Ltd owned about 1.15% of Intergroup worth $298,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 3.36% of the company’s stock.

About Intergroup

Intergroup Corporation (NASDAQ: INTG) is a U.S.-based manufacturer and marketer of industrial and food packaging products. Through its operating subsidiaries, the company produces a broad array of container solutions including corrugated paperboard, recycled fiberboard, plastic and fiber-plastic combinations, as well as wood and tin packaging. These products serve a diverse customer base across the food processing, consumer goods, pharmaceutical, and industrial sectors.

The company’s product portfolio encompasses custom-designed cartons, paper and plastic boxes, and heavy-duty shipping containers tailored to meet the specific strength, moisture resistance, and storage requirements of its customers.