Inter & Co. Inc. (NASDAQ:INTR) Sees Significant Increase in Short Interest

Inter & Co. Inc. (NASDAQ:INTR) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 11,994,549 shares, a growth of 27.2% from the December 15th total of 9,433,001 shares. Based on an average daily trading volume, of 1,919,194 shares, the short-interest ratio is currently 6.2 days. Currently, 2.7% of the shares of the stock are short sold. Currently, 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,919,194 shares, the short-interest ratio is currently 6.2 days.

Institutional Investors Weigh In On Inter & Co. Inc.

Several institutional investors and hedge funds have recently made changes to their positions in INTR. SG Americas Securities LLC bought a new stake in shares of Inter & Co. Inc. in the 4th quarter valued at $123,000. Harbour Capital Advisors LLC grew its holdings in Inter & Co. Inc. by 62.7% in the fourth quarter. Harbour Capital Advisors LLC now owns 85,680 shares of the company’s stock worth $724,000 after purchasing an additional 33,015 shares during the period. JPMorgan Chase & Co. increased its stake in Inter & Co. Inc. by 71,120.2% in the third quarter. JPMorgan Chase & Co. now owns 1,123,143 shares of the company’s stock valued at $10,367,000 after purchasing an additional 1,121,566 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Inter & Co. Inc. by 19.0% during the third quarter. PDT Partners LLC now owns 745,697 shares of the company’s stock valued at $6,883,000 after purchasing an additional 118,813 shares during the period. Finally, Dark Forest Capital Management LP boosted its position in shares of Inter & Co. Inc. by 74.2% during the 3rd quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company’s stock worth $248,000 after purchasing an additional 11,465 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Trading Up 0.2%

Shares of NASDAQ INTR traded up $0.02 during midday trading on Friday, reaching $8.17. The stock had a trading volume of 3,901,762 shares, compared to its average volume of 2,074,628. The company’s 50 day moving average price is $8.64 and its 200 day moving average price is $8.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.87 and a current ratio of 0.87. Inter & Co. Inc. has a twelve month low of $4.67 and a twelve month high of $10.22. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 0.30 and a beta of 1.16.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Thursday, November 13th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $396.89 million during the quarter, compared to the consensus estimate of $2.14 billion. Inter & Co. Inc. had a net margin of 12.46% and a return on equity of 12.57%. As a group, sell-side analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTR. The Goldman Sachs Group upped their price target on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Itau BBA Securities downgraded Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $11.00 to $10.00 in a research note on Wednesday, November 19th. UBS Group raised their price objective on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $8.32.

Inter & Co. Inc. Company Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.