InterContinental Hotels Group PLC (NYSE:IHG – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 299,900 shares, a growth of 8.2% from the May 31st total of 277,100 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 175,400 shares, the days-to-cover ratio is presently 1.7 days.
InterContinental Hotels Group Price Performance
IHG stock opened at $105.27 on Thursday. The stock has a 50-day moving average price of $101.89 and a 200-day moving average price of $100.06. InterContinental Hotels Group has a 1-year low of $67.09 and a 1-year high of $112.08.
Institutional Trading of InterContinental Hotels Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in InterContinental Hotels Group by 46.9% in the 1st quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after buying an additional 106 shares in the last quarter. Parallel Advisors LLC increased its holdings in InterContinental Hotels Group by 15.8% during the 4th quarter. Parallel Advisors LLC now owns 828 shares of the company’s stock worth $75,000 after purchasing an additional 113 shares in the last quarter. GAMMA Investing LLC increased its holdings in InterContinental Hotels Group by 15.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock worth $107,000 after purchasing an additional 135 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in InterContinental Hotels Group by 5.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,497 shares of the company’s stock worth $319,000 after purchasing an additional 174 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in InterContinental Hotels Group by 65.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock worth $48,000 after purchasing an additional 191 shares in the last quarter. 15.09% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on IHG
About InterContinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.
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