The Intergroup Corporation (NASDAQ:INTG) Short Interest Update

The Intergroup Corporation (NASDAQ:INTG) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 3,194 shares, a decrease of 49.7% from the March 31st total of 6,347 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,031 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Intergroup

A hedge fund recently bought a new stake in Intergroup stock. Geode Capital Management LLC acquired a new position in The Intergroup Corporation (NASDAQ:INTG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned about 0.33% of Intergroup at the end of the most recent quarter. 3.36% of the stock is currently owned by hedge funds and other institutional investors.

Intergroup Stock Performance

Shares of INTG opened at $36.58 on Friday. The firm has a market cap of $78.65 million, a PE ratio of -64.17 and a beta of 0.03. The firm’s 50 day moving average price is $34.50 and its 200 day moving average price is $32.05. Intergroup has a twelve month low of $9.57 and a twelve month high of $42.50.

Intergroup (NASDAQ:INTG) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.71 earnings per share for the quarter. The business had revenue of $17.30 million for the quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Intergroup from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Intergroup has an average 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.