Short Interest in The Intergroup Corporation (NASDAQ:INTG) Grows By 36.5%

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a research report on Tuesday, October 14th. Wall Street Zen upgraded Intergroup to a “sell” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Intergroup

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd increased its holdings in shares of The Intergroup Corporation (NASDAQ:INTG) by 11.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,795 shares of the financial services provider’s stock after purchasing 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 SEC filing. Institutional investors own 3.36% of the company’s stock.

Intergroup Trading Up 3.7%

INTG stock traded up $1.01 during midday trading on Thursday, hitting $28.39. 17,534 shares of the company’s stock were exchanged, compared to its average volume of 13,452. Intergroup has a 1-year low of $9.57 and a 1-year high of $42.50. The business has a 50-day simple moving average of $32.37 and a two-hundred day simple moving average of $21.77. The stock has a market capitalization of $61.04 million, a PE ratio of -11.18 and a beta of 0.17.

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

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.