InterContinental Hotels Group PLC (NYSE:IHG) Short Interest Update

InterContinental Hotels Group PLC (NYSE:IHG) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 296,000 shares, a growth of 6.4% from the October 31st total of 278,200 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 153,200 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of InterContinental Hotels Group

Hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in shares of InterContinental Hotels Group by 5.8% during the third quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after acquiring an additional 351,723 shares in the last quarter. Natixis Advisors LLC raised its position in InterContinental Hotels Group by 2.8% in the 2nd quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock worth $77,984,000 after purchasing an additional 20,280 shares during the period. Raymond James & Associates lifted its stake in InterContinental Hotels Group by 1.2% in the second quarter. Raymond James & Associates now owns 123,232 shares of the company’s stock worth $13,056,000 after purchasing an additional 1,475 shares during the last quarter. World Investment Advisors LLC purchased a new stake in InterContinental Hotels Group during the third quarter valued at about $86,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of InterContinental Hotels Group by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company’s stock valued at $6,179,000 after buying an additional 3,431 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

NYSE IHG opened at $127.98 on Wednesday. The stock’s 50-day simple moving average is $116.44 and its two-hundred day simple moving average is $107.18. InterContinental Hotels Group has a twelve month low of $80.61 and a twelve month high of $128.43.

Wall Street Analyst Weigh In

Several brokerages have commented on IHG. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.