Short Interest in Inter & Co, Inc. (NASDAQ:INTR) Expands By 366.9%

Inter & Co, Inc. (NASDAQ:INTR) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 7,050,000 shares, a growth of 366.9% from the August 31st total of 1,510,000 shares. Based on an average daily trading volume, of 1,930,000 shares, the short-interest ratio is presently 3.7 days. Approximately 3.5% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a “buy” rating in a report on Friday, August 9th. Citigroup began coverage on Inter & Co, Inc. in a research report on Tuesday, June 25th. They set a “buy” rating and a $6.80 target price for the company.

Institutional Investors Weigh In On Inter & Co, Inc.

Several hedge funds have recently modified their holdings of INTR. Bayesian Capital Management LP acquired a new position in Inter & Co, Inc. during the 1st quarter valued at $180,000. Jump Financial LLC raised its position in shares of Inter & Co, Inc. by 301.9% during the fourth quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock valued at $232,000 after buying an additional 31,400 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Inter & Co, Inc. by 46.4% in the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock valued at $232,000 after buying an additional 11,949 shares during the period. Virtu Financial LLC bought a new stake in shares of Inter & Co, Inc. in the first quarter valued at about $346,000. Finally, Quadrature Capital Ltd grew its position in Inter & Co, Inc. by 496.8% during the fourth quarter. Quadrature Capital Ltd now owns 69,518 shares of the company’s stock worth $387,000 after buying an additional 57,870 shares in the last quarter. 22.90% of the stock is owned by institutional investors.

Inter & Co, Inc. Price Performance

INTR stock opened at $6.74 on Friday. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 29.30 and a beta of 1.51. The company has a 50-day moving average of $7.07 and a two-hundred day moving average of $6.30. Inter & Co, Inc. has a 52-week low of $3.52 and a 52-week high of $7.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.91 and a quick ratio of 0.91.

Inter & Co, Inc. (NASDAQ:INTR) last announced its earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $283.71 million during the quarter, compared to the consensus estimate of $264.62 million. Inter & Co, Inc. had a return on equity of 7.85% and a net margin of 8.85%. As a group, equities research analysts anticipate that Inter & Co, Inc. will post 0.37 EPS for the current year.

Inter & Co, Inc. Company Profile

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.