Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 7.5% in December

Inter & Co, Inc. (NASDAQ:INTR) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 9,480,000 shares, a growth of 7.5% from the December 15th total of 8,820,000 shares. Based on an average daily volume of 1,800,000 shares, the short-interest ratio is presently 5.3 days. Approximately 4.6% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Inter & Co, Inc. has an average rating of “Buy” and an average price target of $7.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in INTR. FNY Investment Advisers LLC bought a new position in shares of Inter & Co, Inc. in the fourth quarter valued at approximately $105,000. JPMorgan Chase & Co. bought a new position in shares of Inter & Co, Inc. in the third quarter valued at approximately $8,311,000. Geode Capital Management LLC increased its position in Inter & Co, Inc. by 436.9% during the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after acquiring an additional 1,361,258 shares during the period. Public Employees Retirement System of Ohio bought a new position in Inter & Co, Inc. during the third quarter worth $103,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in Inter & Co, Inc. during the third quarter worth $180,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co, Inc. Stock Performance

Shares of INTR opened at $4.73 on Tuesday. The firm’s 50 day moving average is $4.72 and its 200-day moving average is $6.06. The stock has a market capitalization of $2.05 billion, a P/E ratio of 13.51 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84.

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.