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

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

Analyst Upgrades and Downgrades

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

Inter & Co, Inc. Stock Up 1.7 %

INTR stock traded up $0.08 during mid-day trading on Monday, reaching $4.73. The company had a trading volume of 3,076,594 shares, compared to its average volume of 1,591,343. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 13.51 and a beta of 1.29. 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 $4.72 and a two-hundred day simple moving average of $6.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87.

Hedge Funds Weigh In On Inter & Co, Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in Inter & Co, Inc. in the 2nd quarter valued at about $1,954,000. Samlyn Capital LLC lifted its position in shares of Inter & Co, Inc. by 4.1% in the second quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company's stock valued at $30,713,000 after buying an additional 196,355 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Inter & Co, Inc. by 152.9% during the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company's stock worth $14,203,000 after acquiring an additional 1,396,317 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Inter & Co, Inc. by 46.4% during the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company's stock worth $232,000 after acquiring an additional 11,949 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Inter & Co, Inc. by 70.7% during the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company's stock worth $27,751,000 after acquiring an additional 1,868,527 shares during the last quarter. 22.90% of the stock is owned by institutional investors.

About Inter & Co, Inc.

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.