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

Inter & Co, Inc. (NASDAQ:INTR) 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. Approximately 6.8% of the company’s shares are sold short. Based on an average daily trading volume, of 2,260,000 shares, the short-interest ratio is currently 6.2 days.

Inter & Co, Inc. Stock Down 5.6 %

Shares of Inter & Co, Inc. stock traded down $0.30 on Monday, hitting $5.06. The company had a trading volume of 2,236,568 shares, compared to its average volume of 2,962,889. The stock has a 50-day moving average of $4.86 and a 200-day moving average of $5.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The firm has a market capitalization of $2.20 billion, a P/E ratio of 12.97 and a beta of 1.32.

Inter & Co, Inc. (NASDAQ:INTR) last announced its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. Research analysts predict that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price 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.

Institutional Investors Weigh In On Inter & Co, Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after acquiring an additional 2,396,448 shares in the last quarter. WCM Investment Management LLC boosted its holdings in Inter & Co, Inc. by 29.0% during the fourth quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company’s stock worth $13,842,000 after purchasing an additional 742,769 shares during the last quarter. Marshall Wace LLP boosted its holdings in Inter & Co, Inc. by 96.8% during the fourth quarter. Marshall Wace LLP now owns 1,946,200 shares of the company’s stock worth $8,213,000 after purchasing an additional 957,361 shares during the last quarter. Swedbank AB bought a new position in Inter & Co, Inc. in the fourth quarter valued at $7,826,000. Finally, Geode Capital Management LLC increased its stake in Inter & Co, Inc. by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company’s stock valued at $7,047,000 after buying an additional 5,992 shares during the last quarter. Institutional investors and hedge funds own 22.90% of the company’s stock.

About Inter & Co, Inc.

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.