Inter & Co, Inc. (NASDAQ:INTR) Short Interest Down 35.8% in February

Inter & Co, Inc. (NASDAQ:INTR) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 8,940,000 shares, a decrease of 35.8% from the February 13th total of 13,930,000 shares. Approximately 4.4% of the company’s stock are sold short. Based on an average trading volume of 2,630,000 shares, the days-to-cover ratio is presently 3.4 days.

Inter & Co, Inc. Stock Performance

NASDAQ INTR traded up $0.10 on Monday, reaching $6.01. The stock had a trading volume of 3,500,592 shares, compared to its average volume of 1,735,681. The stock has a market cap of $2.61 billion, a P/E ratio of 15.41 and a beta of 1.31. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84. The business’s 50-day moving average price is $5.10 and its 200 day moving average price is $5.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85.

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

Inter & Co, Inc. Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. US Bancorp DE boosted its stake in shares of Inter & Co, Inc. by 6,054.6% during the fourth quarter. US Bancorp DE now owns 5,970 shares of the company’s stock valued at $25,000 after acquiring an additional 5,873 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Inter & Co, Inc. during the fourth quarter valued at $42,000. Atom Investors LP acquired a new stake in shares of Inter & Co, Inc. during the third quarter valued at $71,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Inter & Co, Inc. by 78.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after acquiring an additional 5,500 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Inter & Co, Inc. during the fourth quarter valued at $60,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Analysts Set New Price Targets

INTR has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research report on Friday, January 24th. Morgan Stanley decreased their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.78.

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.