Inter & Co, Inc. (NASDAQ:INTR) Short Interest Update

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 13,930,000 shares, an increase of 65.6% from the January 31st total of 8,410,000 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,260,000 shares, the days-to-cover ratio is currently 6.2 days.

Hedge Funds Weigh In On Inter & Co, Inc.

Large investors have recently made changes to their positions in the company. Citigroup Inc. lifted its stake in shares of Inter & Co, Inc. by 4,711.6% during the third quarter. Citigroup Inc. now owns 1,061,289 shares of the company's stock valued at $7,068,000 after acquiring an additional 1,039,232 shares during the period. JPMorgan Chase & Co. bought a new stake in Inter & Co, Inc. in the third quarter valued at about $8,311,000. Geode Capital Management LLC increased its holdings 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 purchasing an additional 1,361,258 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in Inter & Co, Inc. in the third quarter valued at about $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Inter & Co, Inc. in the third quarter valued at about $4,874,000. Institutional investors and hedge funds own 22.90% of the company's stock.

Inter & Co, Inc. Price Performance

Inter & Co, Inc. stock traded up $0.34 on Wednesday, reaching $5.47. The company's stock had a trading volume of 3,128,011 shares, compared to its average volume of 2,931,265. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 14.03 and a beta of 1.32. The business's fifty day moving average price is $4.92 and its 200 day moving average price is $5.75. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84.

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Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. Equities analysts expect that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased 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.

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.