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

Inter & Co. Inc. (NASDAQ:INTR) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 15,906,625 shares, a growth of 89.2% from the September 30th total of 8,409,464 shares. Approximately 3.6% of the company’s shares are sold short. Based on an average daily volume of 12,625,600 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Inter & Co. Inc.

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP grew its position 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 purchasing an additional 904,682 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. raised its holdings in Inter & Co. Inc. by 1.1% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock worth $50,315,000 after buying an additional 67,500 shares during the last quarter. SPX Gestao de Recursos Ltda raised its holdings in Inter & Co. Inc. by 1,059.2% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after buying an additional 3,676,696 shares during the last quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new position in Inter & Co. Inc. in the second quarter worth about $13,267,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Inter & Co. Inc. by 7.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,433,539 shares of the company’s stock worth $19,371,000 after buying an additional 170,649 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Analyst Ratings Changes

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

Inter & Co. Inc. Price Performance

Shares of NASDAQ INTR opened at $4.01 on Friday. Inter & Co. Inc. has a fifty-two week low of $3.92 and a fifty-two week high of $10.36. The company has a 50 day simple moving average of $5.84 and a two-hundred day simple moving average of $6.80. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 0.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90.

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

Inter & Co. Inc. Company Profile

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.