The Intergroup Corporation (NASDAQ:INTG) Short Interest Down 50.5% in February

The Intergroup Corporation (NASDAQ:INTG) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 1,599 shares, a drop of 50.5% from the January 29th total of 3,231 shares. Based on an average trading volume of 10,056 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 10,056 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Intergroup

A hedge fund recently bought a new stake in Intergroup stock. Geode Capital Management LLC bought a new stake in The Intergroup Corporation (NASDAQ:INTG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned approximately 0.33% of Intergroup as of its most recent SEC filing. Institutional investors and hedge funds own 3.36% of the company’s stock.

Intergroup Trading Up 2.8%

INTG opened at $30.36 on Friday. The business’s 50 day moving average is $28.66 and its 200-day moving average is $26.56. The stock has a market cap of $65.27 million, a PE ratio of -53.26 and a beta of 0.20. Intergroup has a twelve month low of $9.57 and a twelve month high of $42.50.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INTG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a research report on Friday, January 9th. Wall Street Zen upgraded Intergroup from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently 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.