The Intergroup Corporation (NASDAQ:INTG) Short Interest Down 50.5% in February

The Intergroup Corporation (NASDAQ:INTG) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,599 shares, a drop of 50.5% from the January 29th total of 3,231 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 10,056 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 10,056 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Intergroup

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd boosted its stake in The Intergroup Corporation (NASDAQ:INTG) by 11.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,795 shares of the financial services provider’s stock after buying an additional 2,636 shares during the period. Qube Research & Technologies Ltd owned 1.15% of Intergroup worth $298,000 at the end of the most recent quarter. Institutional investors own 3.36% of the company’s stock.

Intergroup Stock Performance

Shares of INTG stock traded down $0.33 during mid-day trading on Friday, reaching $30.03. 3,220 shares of the company were exchanged, compared to its average volume of 10,352. The business’s 50 day simple moving average is $28.71 and its 200 day simple moving average is $26.78. The company has a market capitalization of $64.56 million, a P/E ratio of -52.68 and a beta of 0.20. Intergroup has a fifty-two week low of $9.57 and a fifty-two week high of $42.50.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Intergroup from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Intergroup in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Intergroup presently 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.