Short Interest in The Intergroup Corporation (NASDAQ:INTG) Drops By 51.5%

The Intergroup Corporation (NASDAQ:INTG) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 2,305 shares, a decrease of 51.5% from the December 15th total of 4,750 shares. Based on an average daily volume of 19,903 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 19,903 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Intergroup

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd increased its holdings in shares of The Intergroup Corporation (NASDAQ:INTG) by 11.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,795 shares of the financial services provider’s stock after purchasing an additional 2,636 shares during the period. Qube Research & Technologies Ltd owned approximately 1.15% of Intergroup worth $298,000 at the end of the most recent quarter. 3.36% of the stock is currently owned by institutional investors.

Intergroup Price Performance

Shares of NASDAQ:INTG remained flat at $31.67 during trading on Wednesday. 29,867 shares of the stock traded hands, compared to its average volume of 20,996. The firm has a market cap of $68.09 million, a P/E ratio of -12.47 and a beta of 0.21. Intergroup has a 52 week low of $9.57 and a 52 week high of $42.50. The stock has a fifty day simple moving average of $30.69 and a 200 day simple moving average of $22.83.

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 during the quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Intergroup to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Intergroup presently has a consensus 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.