InterGroup Corp (NASDAQ:INTG) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 2,000 shares, a decrease of 44.4% from the July 31st total of 3,600 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 1.2 days.

INTG stock remained flat at $$29.71 during mid-day trading on Friday. 790 shares of the company’s stock were exchanged, compared to its average volume of 1,255. The stock has a market cap of $68.88 million, a P/E ratio of 12.43 and a beta of 0.20. The business has a 50 day moving average of $29.68 and a 200 day moving average of $30.47. InterGroup has a twelve month low of $28.89 and a twelve month high of $39.35.

In related news, major shareholder Corp Intergroup bought 3,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were acquired at an average cost of $36.00 per share, for a total transaction of $108,000.00. Following the purchase, the insider now directly owns 1,020,170 shares of the company’s stock, valued at $36,726,120. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired a total of 4,200 shares of company stock worth $151,497 over the last 90 days. Insiders own 68.70% of the company’s stock.

A hedge fund recently raised its stake in InterGroup stock. Vanguard Group Inc. increased its holdings in shares of InterGroup Corp (NASDAQ:INTG) by 6.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,686 shares of the financial services provider’s stock after purchasing an additional 700 shares during the period. Vanguard Group Inc. owned 0.50% of InterGroup worth $357,000 as of its most recent SEC filing. 10.16% of the stock is currently owned by institutional investors.

About InterGroup

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, grand ballroom, five level underground parking garage, pedestrian bridge, and Chinese culture center.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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