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

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 9,480,000 shares, a growth of 7.5% from the December 31st total of 8,820,000 shares. Based on an average trading volume of 1,800,000 shares, the short-interest ratio is currently 5.3 days. Approximately 4.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Inter & Co, Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of INTR. Amundi grew its stake in shares of Inter & Co, Inc. by 21.2% in the 4th quarter. Amundi now owns 336,511 shares of the company's stock worth $1,430,000 after purchasing an additional 58,900 shares during the last quarter. US Bancorp DE boosted its holdings in Inter & Co, Inc. by 6,054.6% during the fourth quarter. US Bancorp DE now owns 5,970 shares of the company's stock worth $25,000 after buying an additional 5,873 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Inter & Co, Inc. in the fourth quarter worth approximately $1,386,000. Bank of New York Mellon Corp increased its holdings in shares of Inter & Co, Inc. by 15.8% in the fourth quarter. Bank of New York Mellon Corp now owns 249,851 shares of the company's stock valued at $1,054,000 after buying an additional 34,042 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Inter & Co, Inc. by 59.7% in the fourth quarter. Handelsbanken Fonder AB now owns 144,500 shares of the company's stock valued at $610,000 after buying an additional 54,000 shares in the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co, Inc. Price Performance

NASDAQ:INTR traded down $0.24 during midday trading on Friday, hitting $5.32. 3,259,790 shares of the stock were exchanged, compared to its average volume of 1,967,400. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 15.20 and a beta of 1.32. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84. The business has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $5.94.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 9.29% and a net margin of 10.37%. Sell-side analysts predict that Inter & Co, Inc. will post 0.37 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a research note on Friday, January 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $7.28.

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.