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

Inter & Co, Inc. (NASDAQ:INTR) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 13,930,000 shares, an increase of 65.6% from the January 31st total of 8,410,000 shares. Based on an average daily volume of 2,260,000 shares, the short-interest ratio is presently 6.2 days. Currently, 6.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Inter & Co, Inc.

Hedge funds have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in Inter & Co, Inc. by 6,054.6% during the 4th quarter. US Bancorp DE now owns 5,970 shares of the company’s stock worth $25,000 after acquiring an additional 5,873 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Inter & Co, Inc. during the 4th quarter worth $42,000. Atom Investors LP bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth $71,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Inter & Co, Inc. by 78.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock worth $52,000 after purchasing an additional 5,500 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth $91,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

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 for the company in a report on Friday, January 24th.

Inter & Co, Inc. Trading Up 0.9 %

Shares of INTR stock traded up $0.05 during trading hours on Friday, hitting $5.36. 32,727,669 shares of the company were exchanged, compared to its average volume of 2,981,515. The firm has a market cap of $2.33 billion, a P/E ratio of 13.74 and a beta of 1.32. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two week 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 0.85. The company has a 50 day simple moving average of $4.86 and a two-hundred day simple moving average of $5.79.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. Equities analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current year.

Inter & Co, Inc. Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 17th were given a $0.08 dividend. This represents a yield of 0.5%. The ex-dividend date was Friday, February 14th. Inter & Co, Inc.’s payout ratio is currently 20.51%.

About Inter & Co, Inc.

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.