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

Inter & Co. Inc. (NASDAQ:INTR) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 9,433,001 shares, an increase of 33.8% from the November 30th total of 7,048,049 shares. Based on an average trading volume of 2,532,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.1% of the shares of the stock are short sold. Approximately 2.1% of the shares of the stock are short sold. Based on an average trading volume of 2,532,000 shares, the days-to-cover ratio is currently 3.7 days.

Analysts Set New Price Targets

INTR has been the subject of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday. Itau BBA Securities cut shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $11.00 to $10.00 in a research note on Wednesday, November 19th. The Goldman Sachs Group increased their price objective on Inter & Co. Inc. from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, UBS Group lifted their target price on Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.32.

Inter & Co. Inc. Trading Down 0.2%

INTR traded down $0.02 during trading on Wednesday, hitting $8.48. The company’s stock had a trading volume of 887,668 shares, compared to its average volume of 2,244,661. The firm has a market capitalization of $3.73 billion, a P/E ratio of 17.31, a PEG ratio of 0.41 and a beta of 1.14. Inter & Co. Inc. has a twelve month low of $4.00 and a twelve month high of $10.22. The stock’s fifty day moving average price is $8.82 and its 200-day moving average price is $8.28. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $396.89 million during the quarter, compared to analyst estimates of $2.14 billion. Inter & Co. Inc. had a net margin of 12.46% and a return on equity of 12.57%. Analysts anticipate that Inter & Co. Inc. will post 0.48 EPS for the current year.

Institutional Trading of Inter & Co. Inc.

Several large investors have recently made changes to their positions in INTR. Farther Finance Advisors LLC bought a new position in Inter & Co. Inc. in the third quarter worth approximately $35,000. SBI Securities Co. Ltd. increased its holdings in shares of Inter & Co. Inc. by 1,281.2% during the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock valued at $42,000 after acquiring an additional 5,240 shares in the last quarter. Scotia Capital Inc. acquired a new position in shares of Inter & Co. Inc. during the second quarter worth approximately $99,000. Entropy Technologies LP bought a new position in shares of Inter & Co. Inc. in the 2nd quarter worth $131,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Inter & Co. Inc. in the 2nd quarter worth $136,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.