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

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

Inter & Co, Inc. Price Performance

INTR traded up $0.05 during trading on Friday, hitting $5.36. 32,727,669 shares of the company traded hands, compared to its average volume of 2,981,515. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84. The company has a market cap of $2.33 billion, a PE ratio of 13.74 and a beta of 1.32. The stock’s 50-day simple moving average is $4.86 and its two-hundred day simple moving average is $5.79. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

Inter & Co, Inc. (NASDAQ:INTR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a report on Friday, January 24th.

Institutional Trading of Inter & Co, Inc.

Several large investors have recently made changes to their positions in INTR. Citigroup Inc. raised its position in shares of Inter & Co, Inc. by 4,711.6% in the third quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock valued at $7,068,000 after buying an additional 1,039,232 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth about $8,311,000. Geode Capital Management LLC raised its holdings in Inter & Co, Inc. by 436.9% in the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock valued at $11,060,000 after acquiring an additional 1,361,258 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in Inter & Co, Inc. in the third quarter valued at approximately $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Inter & Co, Inc. in the third quarter valued at approximately $4,874,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

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.