Short Interest in Inter & Co, Inc. (NASDAQ:INTR) Drops By 35.8%

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 8,940,000 shares, a drop of 35.8% from the February 13th total of 13,930,000 shares. Based on an average daily volume of 2,630,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 4.4% of the company's stock are sold short.

Inter & Co, Inc. Stock Up 1.8 %

NASDAQ INTR traded up $0.10 during trading on Wednesday, hitting $5.89. The company's stock had a trading volume of 1,164,452 shares, compared to its average volume of 1,748,123. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. The company has a market cap of $2.56 billion, a PE ratio of 15.09 and a beta of 1.31. The business's 50 day simple moving average is $5.16 and its 200-day simple moving average is $5.61. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.06% and a net margin of 11.74%. On average, equities analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

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Inter & Co, Inc. Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on INTR. Morgan Stanley dropped their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a research report on Monday. JPMorgan Chase & Co. lowered their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.78.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Inter & Co, Inc. in the fourth quarter worth about $190,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Inter & Co, Inc. by 37.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,009,090 shares of the company's stock worth $4,258,000 after purchasing an additional 277,329 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in Inter & Co, Inc. during the fourth quarter valued at approximately $377,000. Two Sigma Advisers LP purchased a new position in Inter & Co, Inc. during the fourth quarter valued at approximately $93,000. Finally, Two Sigma Investments LP raised its position in Inter & Co, Inc. by 14.9% during the fourth quarter. Two Sigma Investments LP now owns 472,799 shares of the company's stock valued at $1,995,000 after acquiring an additional 61,291 shares in the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

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.