The InterGroup Co. (NASDAQ:INTG) Short Interest Update

The InterGroup Co. (NASDAQ:INTGGet Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 700 shares, a growth of 16.7% from the March 31st total of 600 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,100 shares, the short-interest ratio is currently 0.6 days.

INTG opened at $45.48 on Friday. The InterGroup has a 52-week low of $32.49 and a 52-week high of $61.61. The business’s 50-day simple moving average is $51.00 and its 200 day simple moving average is $50.39.

The InterGroup (NASDAQ:INTGGet Rating) last released its earnings results on Monday, February 14th. The financial services provider reported ($0.91) earnings per share (EPS) for the quarter. The InterGroup had a negative return on equity of 3.64% and a net margin of 4.86%. The company had revenue of $10.21 million for the quarter.

A hedge fund recently raised its stake in The InterGroup stock. BlackRock Inc. raised its holdings in The InterGroup Co. (NASDAQ:INTGGet Rating) by 23.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,329 shares of the financial services provider’s stock after buying an additional 254 shares during the period. BlackRock Inc. owned about 0.06% of The InterGroup worth $59,000 at the end of the most recent quarter. 6.81% of the stock is owned by institutional investors.

About The InterGroup (Get Rating)

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. It operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. The company's hotel consists of 544 guest rooms and luxury suites with approximately 22,000 square feet of meeting room space, a grand ballroom, 5 levels underground parking garage, a pedestrian bridge, and a Chinese culture center.

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