Inter & Co. Inc. (NASDAQ:INTR) Stock Short Interest Report for October

Inter & Co. Inc. (NASDAQ:INTR) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 15,906,625 shares, an increase of 89.2% from the September 30th total of 8,409,464 shares. Currently, 3.6% of the shares of the company are short sold. Based on an average daily volume of 12,625,600 shares, the days-to-cover ratio is presently 1.3 days.

Inter & Co. Inc. Stock Performance

NASDAQ INTR opened at $4.03 on Tuesday. The company has a market capitalization of $1.78 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.20 and a beta of 0.94. Inter & Co. Inc. has a 12-month low of $3.92 and a 12-month high of $10.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $5.81 and a two-hundred day moving average price of $6.78.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $475.45 million for the quarter, compared to analyst estimates of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. Analysts anticipate that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

INTR has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. Zacks Research lowered Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. JPMorgan Chase & Co. increased their target price on Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. UBS Group increased their price target on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Finally, The Goldman Sachs Group set a $9.00 price objective on Inter & Co. Inc. in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Inter & Co. Inc. presently has a consensus rating of “Hold” and a consensus price target of $9.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new stake in shares of Inter & Co. Inc. in the second quarter worth approximately $13,267,000. Wellington Management Group LLP boosted its holdings in Inter & Co. Inc. by 16.2% during the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock valued at $35,147,000 after acquiring an additional 904,682 shares during the period. Hsbc Holdings PLC purchased a new position in Inter & Co. Inc. during the 1st quarter valued at $1,849,000. Bank of America Corp DE grew its position in Inter & Co. Inc. by 84.3% in the 1st quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock valued at $11,849,000 after acquiring an additional 680,958 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda grew its position in Inter & Co. Inc. by 1,059.2% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock valued at $32,029,000 after acquiring an additional 3,676,696 shares during the last quarter. 22.90% of the stock is owned by institutional investors.

About Inter & Co. Inc.

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter’s platform includes marketplace and shopping services, as well as travel-related offerings.