The Intergroup Corporation (NASDAQ:INTG) Short Interest Up 134.6% in April

The Intergroup Corporation (NASDAQ:INTG) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 7,492 shares, an increase of 134.6% from the April 15th total of 3,194 shares. Based on an average trading volume of 37,434 shares, the short-interest ratio is presently 0.2 days. Approximately 1.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Intergroup

A hedge fund recently bought a new stake in Intergroup stock. Geode Capital Management LLC bought a new stake in shares of The Intergroup Corporation (NASDAQ:INTG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned 0.33% of Intergroup at the end of the most recent quarter. Institutional investors own 3.36% of the company’s stock.

Intergroup Price Performance

Shares of INTG stock traded down $1.85 during trading hours on Friday, reaching $36.52. The stock had a trading volume of 40,478 shares, compared to its average volume of 35,677. Intergroup has a twelve month low of $9.57 and a twelve month high of $43.83. The firm has a 50-day simple moving average of $37.04 and a 200-day simple moving average of $32.89. The firm has a market capitalization of $78.52 million, a PE ratio of -405.73 and a beta of 0.08.

Intergroup (NASDAQ:INTG) last released its earnings results on Monday, May 11th. The financial services provider reported $0.21 EPS for the quarter. The company had revenue of $20.37 million for the quarter.

Analysts Set New Price Targets

INTG has been the topic of a number of analyst reports. Wall Street Zen raised shares of Intergroup from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Intergroup currently has an average rating of “Sell”.

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.