InterContinental Hotels Group PLC (NYSE:IHG) Short Interest Up 9.6% in November

InterContinental Hotels Group PLC (NYSE:IHG) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 324,300 shares, an increase of 9.6% from the November 15th total of 296,000 shares. Based on an average daily volume of 143,100 shares, the short-interest ratio is presently 2.3 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

IHG has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, InterContinental Hotels Group presently has an average rating of “Hold”.

InterContinental Hotels Group Stock Down 0.6 %

NYSE IHG traded down $0.72 on Friday, hitting $127.11. The company’s stock had a trading volume of 93,777 shares, compared to its average volume of 169,853. The company’s 50-day moving average is $119.27 and its 200 day moving average is $108.75. The firm has a market cap of $20.15 billion, a PE ratio of 25.32, a PEG ratio of 1.88 and a beta of 1.33. InterContinental Hotels Group has a 1-year low of $89.02 and a 1-year high of $131.68.

Institutional Trading of InterContinental Hotels Group

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

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.