Inter & Co, Inc. (NASDAQ:INTR) Sees Large Growth in Short Interest

by · The Cerbat Gem

Inter & Co, Inc. (NASDAQ:INTR – Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,710,000 shares, an increase of 28.5% from the March 15th total of 5,220,000 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average trading volume of 2,700,000 shares, the short-interest ratio is currently 2.5 days.

Analyst Ratings Changes

INTR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Morgan Stanley reduced their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6.78.

Get Our Latest Stock Analysis on Inter & Co, Inc.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after purchasing an additional 2,399 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Inter & Co, Inc. by 6.4% during the 4th quarter. Hsbc Holdings PLC now owns 49,507 shares of the company’s stock worth $207,000 after buying an additional 2,961 shares during the period. Prudential PLC grew its stake in Inter & Co, Inc. by 27.0% in the 4th quarter. Prudential PLC now owns 18,539 shares of the company’s stock valued at $78,000 after buying an additional 3,937 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Inter & Co, Inc. by 18.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company’s stock valued at $150,000 after acquiring an additional 5,475 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in Inter & Co, Inc. by 78.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock worth $52,000 after acquiring an additional 5,500 shares during the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co, Inc. Stock Up 2.3 %

INTR stock traded up $0.13 during mid-day trading on Friday, reaching $5.77. The company had a trading volume of 1,890,326 shares, compared to its average volume of 1,897,438. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 14.79 and a beta of 1.24. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84. The stock has a 50 day simple moving average of $5.46 and a two-hundred day simple moving average of $5.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87.

Inter & Co, Inc. (NASDAQ:INTR – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (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%. As a group, equities analysts predict that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a dividend yield of 0.5%. Inter & Co, Inc.’s payout ratio is 20.51%.

Inter & Co, Inc. Company Profile

(Get Free Report)

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.

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