The Intergroup Corporation (NASDAQ:INTG) Short Interest Update

The Intergroup Corporation (NASDAQ:INTG) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 28,521 shares, an increase of 190.3% from the May 31st total of 9,826 shares. Approximately 5.1% of the company’s shares are sold short. Based on an average trading volume of 41,572 shares, the short-interest ratio is presently 0.7 days.

Intergroup Stock Up 5.6%

Shares of NASDAQ:INTG traded up $2.44 during trading on Friday, hitting $46.26. The stock had a trading volume of 70,000 shares, compared to its average volume of 74,720. The company has a market capitalization of $99.46 million, a PE ratio of -513.94 and a beta of 0.06. The firm’s fifty day moving average is $37.94 and its 200 day moving average is $33.68. Intergroup has a 12 month low of $9.57 and a 12 month high of $52.00.

Intergroup (NASDAQ:INTG) last released its quarterly earnings results on Monday, May 11th. The financial services provider reported $0.21 earnings per share for the quarter. The firm had revenue of $20.37 million for the quarter.

Institutional Trading of Intergroup

A hedge fund recently bought a new position in Intergroup stock. Geode Capital Management LLC bought a new position in The Intergroup Corporation (NASDAQ:INTG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned 0.33% of Intergroup at the end of the most recent reporting period. 3.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTG has been the subject of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Intergroup in a report on Wednesday, April 8th. Wall Street Zen raised shares of Intergroup from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Intergroup Company Profile

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.