The Intergroup Corporation (NASDAQ:INTG) Short Interest Update

The Intergroup Corporation (NASDAQ:INTG) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 3,231 shares, a decrease of 16.3% from the January 15th total of 3,859 shares. Based on an average trading volume of 15,691 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 15,691 shares, the days-to-cover ratio is currently 0.2 days.

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) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned about 0.33% of Intergroup at the end of the most recent reporting period. Institutional investors and hedge funds own 3.36% of the company’s stock.

Intergroup Price Performance

Shares of NASDAQ:INTG traded down $0.15 during midday trading on Tuesday, hitting $27.61. The company had a trading volume of 6,618 shares, compared to its average volume of 12,356. Intergroup has a twelve month low of $9.57 and a twelve month high of $42.50. The stock has a market cap of $59.36 million, a price-to-earnings ratio of -48.44 and a beta of 0.20. The business’s 50-day simple moving average is $28.77 and its 200-day simple moving average is $25.91.

Intergroup (NASDAQ:INTG) last issued its earnings results on Thursday, February 12th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $17.30 million during the quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INTG. Wall Street Zen raised Intergroup from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.