Short Interest in InterContinental Hotels Group PLC (NYSE:IHG) Decreases By 25.9%

InterContinental Hotels Group PLC (NYSE:IHG) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 101,500 shares, a decline of 25.9% from the June 15th total of 136,900 shares. Based on an average daily volume of 73,100 shares, the short-interest ratio is presently 1.4 days. Currently, 0.1% of the company’s stock are sold short.

InterContinental Hotels Group stock opened at $65.39 on Thursday. InterContinental Hotels Group has a 12 month low of $46.16 and a 12 month high of $75.20. The firm has a 50 day simple moving average of $68.78.

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded InterContinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 15th. Oddo Bhf raised InterContinental Hotels Group from an “underperform” rating to an “outperform” rating in a report on Thursday, April 29th. Zacks Investment Research raised InterContinental Hotels Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 13th. Credit Suisse Group reaffirmed a “neutral” rating on shares of InterContinental Hotels Group in a report on Monday, April 26th. Finally, Societe Generale reaffirmed a “hold” rating on shares of InterContinental Hotels Group in a report on Thursday, April 15th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold”.

Institutional investors have recently bought and sold shares of the company. RMR Wealth Builders purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at approximately $52,000. Captrust Financial Advisors increased its position in shares of InterContinental Hotels Group by 304.8% during the fourth quarter. Captrust Financial Advisors now owns 850 shares of the company’s stock worth $55,000 after purchasing an additional 640 shares in the last quarter. Bank of Montreal Can increased its position in shares of InterContinental Hotels Group by 22.4% during the first quarter. Bank of Montreal Can now owns 1,614 shares of the company’s stock worth $115,000 after purchasing an additional 295 shares in the last quarter. Eaton Vance Management purchased a new stake in shares of InterContinental Hotels Group during the first quarter worth approximately $181,000. Finally, Millennium Management LLC purchased a new stake in shares of InterContinental Hotels Group during the first quarter worth approximately $205,000. Institutional investors and hedge funds own 3.37% of the company’s stock.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, restaurants, and spas under the EVEN Hotels, HUALUXE Hotels and Resorts, avid hotels, voco hotels, Kimpton Hotels & Restaurants, Regent Hotels & Resorts, Six Senses Hotels Resorts Spas, Atwell Suites, InterContinental Hotels & Resorts, Hotel Indigo, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, and Candlewood Suites.

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