Inter & Co. Inc. (NASDAQ:INTR) Short Interest Down 31.5% in January

Inter & Co. Inc. (NASDAQ:INTR) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 8,213,930 shares, a drop of 31.5% from the December 31st total of 11,994,549 shares. Based on an average daily trading volume, of 2,616,874 shares, the short-interest ratio is presently 3.1 days. Approximately 1.9% of the company’s shares are short sold. Approximately 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 2,616,874 shares, the short-interest ratio is presently 3.1 days.

Inter & Co. Inc. Stock Down 5.0%

Shares of NASDAQ:INTR traded down $0.49 during trading on Friday, hitting $9.33. The company’s stock had a trading volume of 3,943,125 shares, compared to its average volume of 2,844,849. The company has a market capitalization of $4.10 billion, a PE ratio of 19.04, a PEG ratio of 0.36 and a beta of 1.16. Inter & Co. Inc. has a fifty-two week low of $4.86 and a fifty-two week high of $10.36. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50-day moving average price is $8.67 and its two-hundred day moving average price is $8.52.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Thursday, November 13th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Inter & Co. Inc. had a return on equity of 12.57% and a net margin of 12.46%.The company had revenue of $396.89 million for the quarter, compared to analyst estimates of $2.14 billion. As a group, sell-side analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

INTR has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. Itau BBA Securities cut shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $11.00 to $10.00 in a research report on Wednesday, November 19th. UBS Group increased their price target on Inter & Co. Inc. from $10.50 to $11.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group boosted their price objective on Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Inter & Co. Inc. has an average rating of “Hold” and an average target price of $8.75.

Institutional Investors Weigh In On Inter & Co. Inc.

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in Inter & Co. Inc. during the third quarter valued at approximately $35,000. SBI Securities Co. Ltd. raised its position in shares of Inter & Co. Inc. by 1,281.2% during the 2nd 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 stake in shares of Inter & Co. Inc. during the 2nd quarter valued at approximately $99,000. SG Americas Securities LLC bought a new position in Inter & Co. Inc. during the fourth quarter worth $123,000. Finally, Entropy Technologies LP acquired a new position in Inter & Co. Inc. in the second quarter worth $131,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

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.