The InterGroup Co. (NASDAQ:INTG – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 800 shares, an increase of 166.7% from the August 15th total of 300 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 400 shares, the short-interest ratio is presently 2.0 days.
Hedge Funds Weigh In On The InterGroup
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in The InterGroup by 133.6% in the first quarter. Tower Research Capital LLC TRC now owns 633 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 362 shares in the last quarter. UBS Group AG boosted its stake in The InterGroup by 3,033.3% in the third quarter. UBS Group AG now owns 658 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 637 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in The InterGroup in the third quarter valued at about $201,000. Institutional investors and hedge funds own 3.49% of the company’s stock.
The InterGroup Trading Up 8.3 %
Shares of NASDAQ:INTG opened at $32.49 on Thursday. The firm’s fifty day moving average is $34.96 and its 200-day moving average is $37.74. The InterGroup has a 52 week low of $30.00 and a 52 week high of $56.40.
The InterGroup Company Profile
The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. The company operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. Its hotel consists of 544 guest rooms and luxury suites with approximately 22,000 square feet of meeting room space, a grand ballroom, 5-level underground parking garage, a pedestrian bridge, and a Chinese culture center.
Recommended Stories
- Five stocks we like better than The InterGroup
- How to Invest in Pharmaceutical Companies
- Shutterstock is the Value Stock they don’t want you to know about
- How to Invest in Esports
- 3 Low-Cost ETFs That Are Crushing SPY
- How to Find Cloud Software Company Stocks to Trade and Invest
- Body Slammed Under $100, Is World Wrestling Stock an Opportunity?
Receive News & Ratings for The InterGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The InterGroup and related companies with MarketBeat.com's FREE daily email newsletter.
