InterContinental Hotels Group PLC (NYSE:IHG) Short Interest Up 14.7% in July

InterContinental Hotels Group PLC (NYSE:IHG) 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

Several hedge funds have recently modified their holdings of the business. Cerity Partners LLC increased its position in InterContinental Hotels Group by 22.5% during the fourth quarter. Cerity Partners LLC now owns 8,520 shares of the company’s stock worth $777,000 after buying an additional 1,565 shares during the last quarter. GAMMA Investing LLC acquired a new stake in InterContinental Hotels Group in the 4th quarter worth approximately $74,000. Gitterman Wealth Management LLC bought a new stake in InterContinental Hotels Group during the fourth quarter worth approximately $252,000. First Trust Direct Indexing L.P. grew its holdings in InterContinental Hotels Group by 1.9% during the fourth quarter. First Trust Direct Indexing L.P. now owns 12,147 shares of the company’s stock valued at $1,108,000 after purchasing an additional 230 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in shares of InterContinental Hotels Group by 7.0% in the fourth quarter. Natixis Advisors L.P. now owns 617,076 shares of the company’s stock valued at $56,265,000 after purchasing an additional 40,358 shares during the period. Institutional investors and hedge funds own 15.09% of the company’s stock.

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.