Inter & Co. Inc. (NASDAQ:INTR) Sees Significant Growth in Short Interest

Inter & Co. Inc. (NASDAQ:INTR) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 11,994,549 shares, an increase of 27.2% from the December 15th total of 9,433,001 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,919,194 shares, the short-interest ratio is currently 6.2 days. Based on an average daily trading volume, of 1,919,194 shares, the short-interest ratio is currently 6.2 days. Currently, 2.7% of the company’s stock are short sold.

Institutional Trading of Inter & Co. Inc.

A number of hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Inter & Co. Inc. in the fourth quarter valued at $123,000. Harbour Capital Advisors LLC grew its position in shares of Inter & Co. Inc. by 62.7% during the 4th quarter. Harbour Capital Advisors LLC now owns 85,680 shares of the company’s stock valued at $724,000 after acquiring an additional 33,015 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Inter & Co. Inc. by 71,120.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,123,143 shares of the company’s stock valued at $10,367,000 after purchasing an additional 1,121,566 shares in the last quarter. PDT Partners LLC increased its stake in shares of Inter & Co. Inc. by 19.0% in the 3rd quarter. PDT Partners LLC now owns 745,697 shares of the company’s stock valued at $6,883,000 after purchasing an additional 118,813 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its holdings in Inter & Co. Inc. by 74.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company’s stock worth $248,000 after purchasing an additional 11,465 shares during the period. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co. Inc. Stock Performance

Shares of NASDAQ INTR opened at $8.36 on Tuesday. The company has a 50 day simple moving average of $8.61 and a two-hundred day simple moving average of $8.39. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.30 and a beta of 1.16. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.07. Inter & Co. Inc. has a 12 month low of $4.67 and a 12 month high of $10.22.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on INTR shares. Itau BBA Securities downgraded Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and cut their price target for the company from $11.00 to $10.00 in a report on Wednesday, November 19th. The Goldman Sachs Group upped their price target on Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group increased their price objective on Inter & Co. Inc. from $9.20 to $10.50 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.32.

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. 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.