The Intergroup Corporation (NASDAQ:INTG) Sees Large Decrease in Short Interest

The Intergroup Corporation (NASDAQ:INTG) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,599 shares, a decrease of 50.5% from the January 29th total of 3,231 shares. Based on an average trading volume of 10,056 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 10,056 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Intergroup

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd lifted its position in The Intergroup Corporation (NASDAQ:INTG) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & 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 SEC filing. 3.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on INTG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a research report on Friday, January 9th. Wall Street Zen upgraded shares of Intergroup from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Intergroup Stock Performance

NASDAQ:INTG traded down $0.33 during mid-day trading on Friday, hitting $30.03. The company had a trading volume of 3,220 shares, compared to its average volume of 10,352. Intergroup has a fifty-two week low of $9.57 and a fifty-two week high of $42.50. The firm has a market cap of $64.53 million, a P/E ratio of -52.68 and a beta of 0.20. The business’s fifty day moving average is $28.71 and its two-hundred day moving average is $26.69.

Intergroup (NASDAQ:INTG) last posted its earnings results on Thursday, February 12th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $17.30 million for the quarter.

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.