Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 26.9% in April

Inter & Co, Inc. (NASDAQ:INTR) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 852,200 shares, a growth of 26.9% from the March 31st total of 671,800 shares. Based on an average trading volume of 1,140,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

Inter & Co, Inc. Stock Performance

INTR stock traded down $0.01 on Tuesday, hitting $5.15. The company’s stock had a trading volume of 38,052 shares, compared to its average volume of 1,266,424. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 34.40 and a beta of 1.38. The firm has a 50 day moving average of $5.66 and a two-hundred day moving average of $5.29. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 1 year low of $1.65 and a 1 year high of $6.44.

Inter & Co, Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $265.06 million for the quarter, compared to analyst estimates of $269.81 million. Inter & Co, Inc. had a net margin of 5.01% and a return on equity of 4.16%. Equities analysts predict that Inter & Co, Inc. will post 0.37 EPS for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

The firm also recently declared a — dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 16th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, April 15th. Inter & Co, Inc.’s dividend payout ratio (DPR) is 20.00%.

Wall Street Analyst Weigh In

INTR has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on Inter & Co, Inc. from $5.80 to $6.50 and gave the stock a “buy” rating in a research note on Friday, February 9th. Citigroup lowered Inter & Co, Inc. from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $6.30 to $6.00 in a research note on Friday, February 16th.

Institutional Trading of Inter & Co, Inc.

Several institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd acquired a new position in shares of Inter & Co, Inc. in the third quarter worth $47,000. Jump Financial LLC acquired a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at $42,000. First Trust Direct Indexing L.P. bought a new position in shares of Inter & Co, Inc. during the third quarter valued at $50,000. Fourth Sail Capital LP bought a new stake in Inter & Co, Inc. during the 1st quarter worth approximately $9,155,000. Finally, WCM Investment Management LLC acquired a new position in shares of Inter & Co, Inc. during the first quarter worth approximately $14,762,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Company Profile

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.