InterContinental Hotels Group PLC (NYSE:IHG – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 426,000 shares, an increase of 14.7% from the July 15th total of 371,400 shares. Based on an average daily volume of 193,900 shares, the short-interest ratio is currently 2.2 days. Approximately 0.3% of the company’s stock are sold short.
InterContinental Hotels Group Stock Performance
Shares of NYSE IHG traded down $0.26 during trading hours on Friday, hitting $96.27. The stock had a trading volume of 106,459 shares, compared to its average volume of 181,904. The firm’s 50-day moving average price is $102.75 and its two-hundred day moving average price is $102.16. InterContinental Hotels Group has a 52 week low of $70.06 and a 52 week high of $112.08. The company has a market capitalization of $15.56 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.51 and a beta of 1.33.
InterContinental Hotels Group Increases Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, August 30th will be given a $0.532 dividend. This represents a yield of 1.6%. This is an increase from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. The ex-dividend date of this dividend is Friday, August 30th. InterContinental Hotels Group’s payout ratio is currently 21.77%.
Institutional Inflows and Outflows
InterContinental Hotels Group Company Profile
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.
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