Inter & Co, Inc. (NASDAQ:INTR) Short Interest Down 35.8% in February

Inter & Co, Inc. (NASDAQ:INTR) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 8,940,000 shares, a drop of 35.8% from the February 13th total of 13,930,000 shares. Based on an average daily trading volume, of 2,630,000 shares, the short-interest ratio is currently 3.4 days. Approximately 4.4% of the company’s shares are short sold.

Institutional Trading of Inter & Co, Inc.

Hedge funds and other institutional investors have recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Inter & Co, Inc. during the fourth quarter worth $190,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Inter & Co, Inc. by 37.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,009,090 shares of the company’s stock worth $4,258,000 after purchasing an additional 277,329 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of Inter & Co, Inc. during the fourth quarter worth $377,000. Two Sigma Advisers LP acquired a new stake in shares of Inter & Co, Inc. during the fourth quarter worth $93,000. Finally, Two Sigma Investments LP raised its position in shares of Inter & Co, Inc. by 14.9% during the fourth quarter. Two Sigma Investments LP now owns 472,799 shares of the company’s stock worth $1,995,000 after purchasing an additional 61,291 shares during the period. Institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Stock Performance

INTR stock traded up $0.10 during trading on Monday, reaching $6.01. 3,500,592 shares of the company’s stock were exchanged, compared to its average volume of 1,735,681. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $5.10 and its 200-day moving average price is $5.63. The firm has a market cap of $2.61 billion, a PE ratio of 15.41 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. On average, research analysts expect that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

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

Analyst Ratings Changes

INTR has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.78.

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.