Short Interest in Inter & Co. Inc. (NASDAQ:INTR) Rises By 33.8%

Inter & Co. Inc. (NASDAQ:INTR) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 9,433,001 shares, an increase of 33.8% from the November 30th total of 7,048,049 shares. Based on an average daily trading volume, of 2,532,000 shares, the short-interest ratio is currently 3.7 days. Approximately 2.1% of the shares of the company are sold short. Approximately 2.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,532,000 shares, the short-interest ratio is currently 3.7 days.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INTR shares. Itau BBA Securities lowered shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $11.00 to $10.00 in a report on Wednesday, November 19th. The Goldman Sachs Group increased their price objective on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday. Finally, UBS Group upped their target price on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Inter & Co. Inc. presently has a consensus rating of “Hold” and a consensus target price of $8.32.

Inter & Co. Inc. Price Performance

INTR traded up $0.11 during trading on Tuesday, hitting $8.50. 1,637,312 shares of the company traded hands, compared to its average volume of 2,264,681. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.74 billion, a PE ratio of 17.12, a P/E/G ratio of 0.41 and a beta of 1.14. The stock’s 50-day simple moving average is $8.83 and its two-hundred day simple moving average is $8.28. Inter & Co. Inc. has a 1 year low of $4.00 and a 1 year high of $10.22.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The firm had revenue of $396.89 million during the quarter, compared to analyst estimates of $2.14 billion. Inter & Co. Inc. had a return on equity of 12.57% and a net margin of 12.46%. As a group, sell-side analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in INTR. Marshall Wace LLP boosted its stake in shares of Inter & Co. Inc. by 3.8% during the 2nd quarter. Marshall Wace LLP now owns 4,708,880 shares of the company’s stock worth $34,987,000 after purchasing an additional 171,379 shares during the period. Inspire Investing LLC bought a new stake in Inter & Co. Inc. in the second quarter worth about $843,000. TT International Asset Management LTD purchased a new position in shares of Inter & Co. Inc. during the third quarter valued at approximately $2,950,000. American Century Companies Inc. grew its stake in shares of Inter & Co. Inc. by 53.6% during the second quarter. American Century Companies Inc. now owns 1,184,222 shares of the company’s stock valued at $8,799,000 after buying an additional 413,208 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Inter & Co. Inc. in the second quarter worth approximately $12,393,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Company Profile

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.