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

The Intergroup Corporation (NASDAQ:INTG) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 4,750 shares, a growth of 36.5% from the November 30th total of 3,480 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 7,861 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 7,861 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.9% of the company’s stock are short sold.

Intergroup Stock Performance

NASDAQ:INTG traded up $0.70 during mid-day trading on Tuesday, hitting $27.38. The stock had a trading volume of 8,048 shares, compared to its average volume of 13,540. Intergroup has a twelve month low of $9.57 and a twelve month high of $42.50. The stock has a market cap of $58.87 million, a price-to-earnings ratio of -10.78 and a beta of 0.17. The company’s 50 day simple moving average is $32.57 and its 200 day simple moving average is $21.72.

Intergroup (NASDAQ:INTG) last released its quarterly earnings data on Wednesday, November 12th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $17.91 million during the quarter.

Hedge Funds Weigh In On Intergroup

A hedge fund recently raised its stake in Intergroup stock. Qube Research & Technologies Ltd increased its holdings in The Intergroup Corporation (NASDAQ:INTG) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and 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 1.15% of Intergroup worth $298,000 as of its most recent filing with the Securities and Exchange Commission. 3.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INTG has been the topic of a number of research reports. Wall Street Zen raised shares of Intergroup to a “sell” rating in a research report on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 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.