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

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 8,820,000 shares, a growth of 47.0% from the November 30th total of 6,000,000 shares. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately 4.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Inter & Co, Inc.

A number of institutional investors have recently modified their holdings of INTR. Atom Investors LP bought a new position in shares of Inter & Co, Inc. in the third quarter worth $71,000. Allspring Global Investments Holdings LLC bought a new position in Inter & Co, Inc. in the 3rd quarter valued at about $91,000. Public Employees Retirement System of Ohio acquired a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at approximately $103,000. Walleye Capital LLC bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $162,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $163,000. Institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Stock Performance

Shares of NASDAQ:INTR traded down $0.06 on Monday, hitting $4.19. The company had a trading volume of 1,100,110 shares, compared to its average volume of 1,526,987. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 11.97 and a beta of 1.24. The stock has a 50 day moving average price of $5.36 and a 200 day moving average price of $6.23. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an "overweight" rating on the stock in a report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $7.30.

Inter & Co, Inc. Company Profile

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.