Short Interest in Intercontinental Hotels Group (NYSE:IHG) Declines By 31.5%

Intercontinental Hotels Group (NYSE:IHG) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 781,640 shares, a drop of 31.5% from the January 15th total of 1,140,275 shares. Based on an average trading volume of 227,078 shares, the short-interest ratio is currently 3.4 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 227,078 shares, the short-interest ratio is currently 3.4 days.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research report on Thursday, January 22nd. Jefferies Financial Group raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, December 12th. Finally, Berenberg Bank raised shares of Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Intercontinental Hotels Group Price Performance

Shares of NYSE:IHG traded up $0.16 during midday trading on Monday, reaching $146.03. 324,812 shares of the company were exchanged, compared to its average volume of 236,233. The business’s fifty day moving average is $139.83 and its two-hundred day moving average is $129.36. Intercontinental Hotels Group has a one year low of $94.78 and a one year high of $150.89.

Institutional Investors Weigh In On Intercontinental Hotels Group

Several large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its holdings in Intercontinental Hotels Group by 20.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 439 shares of the company’s stock valued at $62,000 after buying an additional 76 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Intercontinental Hotels Group by 0.9% during the 4th quarter. Independent Advisor Alliance now owns 10,577 shares of the company’s stock valued at $1,490,000 after acquiring an additional 91 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Intercontinental Hotels Group by 72.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock valued at $30,000 after purchasing an additional 91 shares in the last quarter. Capital International Investors increased its position in Intercontinental Hotels Group by 2.5% in the fourth quarter. Capital International Investors now owns 3,838 shares of the company’s stock worth $544,000 after purchasing an additional 92 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Intercontinental Hotels Group by 0.8% during the fourth quarter. HighTower Advisors LLC now owns 12,734 shares of the company’s stock valued at $1,793,000 after purchasing an additional 95 shares in the last quarter. 15.09% of the stock is owned by institutional investors.

About Intercontinental Hotels Group

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.