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

Inter & Co, Inc. (NASDAQ:INTR) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 852,200 shares, an increase of 26.9% from the March 31st total of 671,800 shares. Based on an average trading volume of 1,140,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are short sold.

Inter & Co, Inc. Price Performance

Shares of NASDAQ:INTR traded up $0.15 during mid-day trading on Friday, reaching $5.21. The stock had a trading volume of 420,950 shares, compared to its average volume of 859,559. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.26 billion, a P/E ratio of 34.73 and a beta of 1.37. Inter & Co, Inc. has a 1 year low of $1.62 and a 1 year high of $6.44. The business’s 50 day moving average price is $5.67 and its 200 day moving average price is $5.28.

Inter & Co, Inc. (NASDAQ:INTR) last posted its earnings results on Wednesday, February 7th. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. Inter & Co, Inc. had a return on equity of 4.16% and a net margin of 5.01%. The company had revenue of $265.06 million for the quarter, compared to the consensus estimate of $269.81 million. Research analysts expect that Inter & Co, Inc. will post 0.37 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, April 15th. Inter & Co, Inc.’s dividend payout ratio (DPR) is presently 20.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Inter & Co, Inc. from $5.80 to $6.50 and gave the stock a “buy” rating in a research note on Friday, February 9th. Citigroup downgraded Inter & Co, Inc. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $6.30 to $6.00 in a research report on Friday, February 16th.

Institutional Investors Weigh In On Inter & Co, Inc.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new stake in shares of Inter & Co, Inc. in the third quarter worth approximately $47,000. Jump Financial LLC purchased a new stake in shares of Inter & Co, Inc. in the third quarter worth approximately $42,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Inter & Co, Inc. in the third quarter worth approximately $50,000. Fourth Sail Capital LP purchased a new stake in shares of Inter & Co, Inc. in the first quarter worth approximately $9,155,000. Finally, WCM Investment Management LLC purchased a new stake in shares of Inter & Co, Inc. in the first quarter worth approximately $14,762,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

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.