The Intergroup Corporation (NASDAQ:INTG) Short Interest Up 36.5% in December

The Intergroup Corporation (NASDAQ:INTG) saw a large increase in short interest during the month of 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. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 7,861 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 7,861 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

INTG has been the subject of several recent analyst reports. Wall Street Zen raised shares of Intergroup to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intergroup in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Intergroup currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd boosted its position in The Intergroup Corporation (NASDAQ:INTG) by 11.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,795 shares of the financial services provider’s stock after buying an additional 2,636 shares during the quarter. Qube Research & Technologies Ltd owned approximately 1.15% of Intergroup worth $298,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.36% of the company’s stock.

Intergroup Stock Performance

INTG stock traded up $0.70 during mid-day trading on Tuesday, hitting $27.38. 8,048 shares of the company were exchanged, compared to its average volume of 13,540. Intergroup has a 1-year low of $9.57 and a 1-year high of $42.50. The firm’s 50 day simple moving average is $32.57 and its 200 day simple moving average is $21.72. The firm has a market cap of $58.87 million, a P/E ratio of -10.78 and a beta of 0.17.

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