Inter & Co. Inc. (NASDAQ:INTR) Short Interest Up 27.2% in December

Inter & Co. Inc. (NASDAQ:INTR) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 11,994,549 shares, an increase of 27.2% from the December 15th total of 9,433,001 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 1,919,194 shares, the days-to-cover ratio is presently 6.2 days. Based on an average daily volume of 1,919,194 shares, the days-to-cover ratio is presently 6.2 days. Approximately 2.7% of the shares of the company are sold short.

Institutional Trading of Inter & Co. Inc.

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in shares of Inter & Co. Inc. during the 3rd quarter worth $35,000. SBI Securities Co. Ltd. lifted its holdings in shares of Inter & Co. Inc. by 1,281.2% in the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock worth $42,000 after acquiring an additional 5,240 shares during the last quarter. Scotia Capital Inc. bought a new position in shares of Inter & Co. Inc. in the second quarter worth about $99,000. SG Americas Securities LLC acquired a new stake in shares of Inter & Co. Inc. in the 4th quarter valued at approximately $123,000. Finally, Entropy Technologies LP bought a new stake in shares of Inter & Co. Inc. during the 2nd quarter valued at approximately $131,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Price Performance

NASDAQ INTR traded up $0.02 during midday trading on Friday, hitting $8.17. The company had a trading volume of 3,901,762 shares, compared to its average volume of 2,074,628. The firm has a 50-day moving average price of $8.64 and a 200-day moving average price of $8.39. The company has a market capitalization of $3.59 billion, a PE ratio of 16.67, a P/E/G ratio of 0.30 and a beta of 1.16. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.07. Inter & Co. Inc. has a twelve month low of $4.67 and a twelve month high of $10.22.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $396.89 million for the quarter, compared to analysts’ expectations of $2.14 billion. Inter & Co. Inc. had a return on equity of 12.57% and a net margin of 12.46%. As a group, analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on INTR shares. UBS Group boosted their target price on Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a report on Thursday, October 16th. Itau BBA Securities downgraded shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $11.00 to $10.00 in a report on Wednesday, November 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. Finally, The Goldman Sachs Group upped their price target on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.32.

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.