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

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

Inter & Co, Inc. Price Performance

INTR opened at $5.23 on Tuesday. The company’s 50 day simple moving average is $4.57 and its 200 day simple moving average is $5.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84. The stock has a market capitalization of $2.27 billion, a PE ratio of 14.94 and a beta of 1.32.

Institutional Trading of Inter & Co, Inc.

Large investors have recently added to or reduced their stakes in the business. Savant Capital LLC acquired a new stake in shares of Inter & Co, Inc. in the fourth quarter worth $42,000. Allspring Global Investments Holdings LLC increased its stake in Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock valued at $68,000 after acquiring an additional 2,399 shares during the period. Atom Investors LP bought a new position in Inter & Co, Inc. during the third quarter valued at about $71,000. Public Employees Retirement System of Ohio acquired a new stake in Inter & Co, Inc. during the third quarter valued at approximately $103,000. Finally, FNY Investment Advisers LLC acquired a new stake in Inter & Co, Inc. during the fourth quarter valued at approximately $105,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective on shares of 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Inter & Co, Inc. currently has a consensus rating of “Buy” and a consensus price target of $7.28.

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.