Short Interest in Inter & Co. Inc. (NASDAQ:INTR) Increases By 38.4%

Inter & Co. Inc. (NASDAQ:INTR) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 9,103,691 shares, an increase of 38.4% from the February 26th total of 6,576,679 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 3,065,596 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Trading of Inter & Co. Inc.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Inter & Co. Inc. by 1,446.7% in the 1st quarter. Royal Bank of Canada now owns 66,510 shares of the company’s stock valued at $364,000 after buying an additional 62,210 shares during the last quarter. Millennium Management LLC grew its holdings in Inter & Co. Inc. by 94.4% during the 1st quarter. Millennium Management LLC now owns 2,113,061 shares of the company’s stock worth $11,580,000 after acquiring an additional 1,026,321 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Inter & Co. Inc. by 43.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock valued at $16,042,000 after acquiring an additional 891,939 shares during the period. Jane Street Group LLC raised its stake in shares of Inter & Co. Inc. by 502.0% during the first quarter. Jane Street Group LLC now owns 1,431,616 shares of the company’s stock valued at $7,845,000 after acquiring an additional 1,193,818 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Inter & Co. Inc. by 0.3% during the second quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock valued at $3,303,000 after acquiring an additional 1,303 shares during the last quarter. 22.90% of the stock is currently owned by institutional investors.

Inter & Co. Inc. Price Performance

Shares of NASDAQ INTR traded down $0.06 during midday trading on Monday, reaching $7.65. 2,984,140 shares of the company were exchanged, compared to its average volume of 3,179,687. The stock’s 50-day moving average price is $8.73 and its 200-day moving average price is $8.80. The stock has a market cap of $3.36 billion, a P/E ratio of 14.17, a PEG ratio of 0.33 and a beta of 1.18. Inter & Co. Inc. has a one year low of $4.86 and a one year high of $10.36. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%.The company had revenue of $404.31 million during the quarter, compared to analysts’ expectations of $441.78 million. On average, sell-side analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co. Inc. Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, March 5th. Stockholders of record on Sunday, February 22nd were paid a dividend of $0.1131 per share. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Inter & Co. Inc.’s previous annual dividend of $0.08. This represents a dividend yield of 122.0%. Inter & Co. Inc.’s payout ratio is 20.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.67.

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. 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.