Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 28.5% in March

Inter & Co, Inc. (NASDAQ:INTR) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 6,710,000 shares, an increase of 28.5% from the March 15th total of 5,220,000 shares. Based on an average trading volume of 2,700,000 shares, the short-interest ratio is currently 2.5 days. Currently, 3.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Inter & Co, Inc.

Institutional investors have recently made changes to their positions in the company. State Street Corp boosted its stake in Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock valued at $22,243,000 after purchasing an additional 2,396,448 shares during the last quarter. Swedbank AB purchased a new position in Inter & Co, Inc. in the 4th quarter worth about $7,826,000. Geode Capital Management LLC lifted its stake in Inter & Co, Inc. by 436.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock valued at $11,060,000 after acquiring an additional 1,361,258 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at about $8,311,000. Finally, Millennium Management LLC purchased a new position in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $4,586,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on INTR shares. Morgan Stanley dropped their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. decreased their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Inter & Co, Inc. has an average rating of “Moderate Buy” and an average price target of $6.78.

Inter & Co, Inc. Trading Down 1.4 %

Shares of INTR stock traded down $0.08 during mid-day trading on Monday, reaching $5.69. The stock had a trading volume of 126,709 shares, compared to its average volume of 1,890,467. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.47 billion, a PE ratio of 14.59 and a beta of 1.24. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84. The stock’s 50-day moving average price is $5.46 and its two-hundred day moving average price is $5.36.

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

Inter & Co, Inc. Dividend Announcement

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

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.