Short Interest in Inter & Co, Inc. (NASDAQ:INTR) Increases By 65.6%

Inter & Co, Inc. (NASDAQ:INTR) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 13,930,000 shares, a growth of 65.6% from the January 31st total of 8,410,000 shares. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is currently 6.2 days. Currently, 6.8% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a report on Friday, January 24th.

Inter & Co, Inc. Stock Performance

Shares of INTR stock traded down $0.30 on Monday, reaching $5.06. The stock had a trading volume of 2,236,568 shares, compared to its average volume of 2,962,889. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.97 and a beta of 1.32. The firm’s 50-day moving average is $4.86 and its two-hundred day moving average is $5.78. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01.

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

Inter & Co, Inc. Dividend Announcement

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

Hedge Funds Weigh In On Inter & Co, Inc.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTR. US Bancorp DE raised its position in shares of Inter & Co, Inc. by 6,054.6% in the fourth quarter. US Bancorp DE now owns 5,970 shares of the company’s stock valued at $25,000 after purchasing an additional 5,873 shares during the period. Savant Capital LLC acquired a new position in Inter & Co, Inc. in the 4th quarter valued at about $42,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Inter & Co, Inc. by 78.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after acquiring an additional 5,500 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in Inter & Co, Inc. during the fourth quarter worth approximately $60,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after acquiring an additional 2,399 shares during the period. 22.90% of the stock is owned by institutional investors.

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.