Inter & Co. Inc. (NASDAQ:INTR) Sees Large Increase in Short Interest

Inter & Co. Inc. (NASDAQ:INTR) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 9,103,691 shares, a growth of 38.4% from the February 26th total of 6,576,679 shares. Based on an average daily volume of 3,065,596 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.1% of the shares of the stock are sold short.

Inter & Co. Inc. Trading Down 6.3%

INTR traded down $0.52 on Friday, hitting $7.71. The company had a trading volume of 3,617,262 shares, compared to its average volume of 3,029,810. The company’s fifty day moving average price is $8.73 and its 200 day moving average price is $8.80. Inter & Co. Inc. has a 1 year low of $4.86 and a 1 year high of $10.36. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.39 billion, a P/E ratio of 14.28, a PEG ratio of 0.33 and a beta of 1.18.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. The company had revenue of $404.31 million during the quarter, compared to analyst estimates of $441.78 million. As a group, equities analysts expect that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Inter & Co. Inc. Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, March 5th. Investors of record on Sunday, February 22nd were given a dividend of $0.1131 per share. This represents a dividend yield of 122.0%. The ex-dividend date of this dividend was Friday, February 20th. This is an increase from Inter & Co. Inc.’s previous annual dividend of $0.08. Inter & Co. Inc.’s dividend payout ratio is 20.37%.

Institutional Trading of Inter & Co. Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in shares of Inter & Co. Inc. by 3.8% during the second quarter. Marshall Wace LLP now owns 4,708,880 shares of the company’s stock worth $34,987,000 after buying an additional 171,379 shares during the period. WCM Investment Management LLC increased its position in shares of Inter & Co. Inc. by 21.3% in the 3rd quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after purchasing an additional 1,862,169 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Inter & Co. Inc. by 108.9% in the 3rd quarter. William Blair Investment Management LLC now owns 3,484,335 shares of the company’s stock valued at $32,160,000 after purchasing an additional 1,816,322 shares in the last quarter. Tredje AP fonden purchased a new stake in shares of Inter & Co. Inc. during the 3rd quarter worth $12,372,000. Finally, TT International Asset Management LTD acquired a new position in shares of Inter & Co. Inc. during the third quarter worth $2,950,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. Finally, UBS Group reiterated a “buy” rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.67.

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. 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.