Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 39.8% in April

Inter & Co, Inc. (NASDAQ:INTR) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 9,380,000 shares, a growth of 39.8% from the March 31st total of 6,710,000 shares. Based on an average daily trading volume, of 2,690,000 shares, the short-interest ratio is currently 3.5 days. Currently, 4.6% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research firms have issued reports on INTR. Morgan Stanley decreased their target price on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Inter & Co, Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.78.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new stake in Inter & Co, Inc. in the third quarter valued at $8,311,000. Geode Capital Management LLC raised its stake in Inter & Co, Inc. by 436.9% in the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock valued at $11,060,000 after buying an additional 1,361,258 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Inter & Co, Inc. during the 4th quarter worth approximately $187,000. Bank of New York Mellon Corp increased its holdings in shares of Inter & Co, Inc. by 15.8% during the 4th quarter. Bank of New York Mellon Corp now owns 249,851 shares of the company’s stock worth $1,054,000 after acquiring an additional 34,042 shares during the last quarter. Finally, WCM Investment Management LLC raised its stake in Inter & Co, Inc. by 29.0% in the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company’s stock valued at $13,842,000 after acquiring an additional 742,769 shares during the period. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Stock Up 1.1 %

NASDAQ:INTR opened at $6.56 on Friday. The stock has a 50-day simple moving average of $5.68 and a 200 day simple moving average of $5.38. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84. The company has a market cap of $2.85 billion, a PE ratio of 16.82 and a beta of 1.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85.

Inter & Co, Inc. (NASDAQ:INTR) last announced its earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. On average, sell-side analysts expect that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 17th were given a dividend of $0.08 per share. The ex-dividend date was Friday, February 14th. This represents a yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio (DPR) is presently 20.51%.

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.