Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 7.5% in December

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

Institutional Trading of Inter & Co, Inc.

Hedge funds have recently bought and sold shares of the company. Atom Investors LP bought a new stake in Inter & Co, Inc. in the 3rd quarter valued at about $71,000. Allspring Global Investments Holdings LLC bought a new stake in Inter & Co, Inc. in the 3rd quarter valued at about $91,000. Public Employees Retirement System of Ohio bought a new stake in Inter & Co, Inc. in the 3rd quarter valued at about $103,000. FNY Investment Advisers LLC bought a new stake in Inter & Co, Inc. in the 4th quarter valued at about $105,000. Finally, Walleye Capital LLC bought a new stake in Inter & Co, Inc. in the 3rd quarter valued at about $162,000. 22.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a research report on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Inter & Co, Inc. currently has an average rating of “Buy” and a consensus target price of $7.30.

Inter & Co, Inc. Trading Up 1.7 %

Inter & Co, Inc. stock opened at $4.73 on Tuesday. The company has a market cap of $2.05 billion, a P/E ratio of 13.51 and a beta of 1.29. The firm’s 50-day moving average is $4.72 and its 200-day moving average is $6.06. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84. 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. 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.