InterContinental Hotels Group PLC (NYSE:IHG) Short Interest Up 15.2% in January

InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 351,600 shares, an increase of 15.2% from the January 15th total of 305,100 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 126,500 shares, the days-to-cover ratio is currently 2.8 days.

InterContinental Hotels Group Stock Performance

Shares of NYSE IHG traded down $4.21 during trading on Friday, reaching $124.41. 297,650 shares of the company traded hands, compared to its average volume of 164,125. InterContinental Hotels Group has a 12-month low of $91.57 and a 12-month high of $137.25. The firm's fifty day simple moving average is $128.79 and its 200 day simple moving average is $117.02.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IHG. Morgan Stanley downgraded InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 8th. Barclays raised InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a report on Friday, November 15th. Finally, Sanford C. Bernstein upgraded InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. acquired a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at $25,000. Farther Finance Advisors LLC lifted its position in shares of InterContinental Hotels Group by 67.3% during the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of InterContinental Hotels Group during the 4th quarter valued at approximately $42,000. Venturi Wealth Management LLC acquired a new position in shares of InterContinental Hotels Group during the 4th quarter worth approximately $72,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of InterContinental Hotels Group by 419.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock valued at $72,000 after buying an additional 461 shares during the period. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

InterContinental Hotels Group Company Profile

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.