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

The Intergroup Corporation (NASDAQ:INTG – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,492 shares, a growth of 134.6% from the April 15th total of 3,194 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 37,434 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several brokerages have recently weighed in on INTG. Wall Street Zen raised shares of Intergroup from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intergroup in a research report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

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Hedge Funds Weigh In On Intergroup

An institutional investor recently bought a new position in Intergroup stock. Geode Capital Management LLC purchased a new position in shares of The Intergroup Corporation (NASDAQ:INTG – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned 0.33% of Intergroup as of its most recent filing with the Securities and Exchange Commission (SEC). 3.36% of the stock is owned by hedge funds and other institutional investors.

Intergroup Stock Performance

NASDAQ:INTG traded down $1.85 during mid-day trading on Friday, reaching $36.52. 40,478 shares of the company’s stock were exchanged, compared to its average volume of 35,677. Intergroup has a one year low of $9.57 and a one year high of $43.83. The firm has a market capitalization of $78.52 million, a PE ratio of -405.73 and a beta of 0.08. The business’s fifty day simple moving average is $37.04 and its two-hundred day simple moving average is $32.89.

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

About Intergroup

(Get Free Report)

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.

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