Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 50.8% in March

Inter & Co, Inc. (NASDAQ:INTR) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 482,000 shares, an increase of 50.8% from the February 29th total of 319,600 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Inter & Co, Inc.

Institutional investors and hedge funds have recently made changes to their positions in the company. Jump Financial LLC acquired a new stake in Inter & Co, Inc. in the 3rd quarter valued at $42,000. Quadrature Capital Ltd acquired a new stake in shares of Inter & Co, Inc. in the third quarter valued at about $47,000. Osaic Holdings Inc. raised its holdings in shares of Inter & Co, Inc. by 42.4% during the 2nd quarter. Osaic Holdings Inc. now owns 15,184 shares of the company’s stock valued at $48,000 after buying an additional 4,518 shares during the period. First Trust Direct Indexing L.P. acquired a new position in Inter & Co, Inc. during the 3rd quarter worth approximately $50,000. Finally, Goldman Sachs Group Inc. acquired a new position in Inter & Co, Inc. during the 2nd quarter worth approximately $64,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INTR. Citigroup downgraded Inter & Co, Inc. from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $6.30 to $6.00 in a research report on Friday, February 16th. The Goldman Sachs Group increased their price objective on shares of Inter & Co, Inc. from $5.80 to $6.50 and gave the company a “buy” rating in a research report on Friday, February 9th.

Inter & Co, Inc. Stock Performance

INTR stock traded down $0.14 on Friday, hitting $5.71. The company’s stock had a trading volume of 1,212,183 shares, compared to its average volume of 954,137. Inter & Co, Inc. has a 1 year low of $1.51 and a 1 year high of $6.44. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 38.07 and a beta of 1.39. The firm has a 50 day moving average of $5.56 and a two-hundred day moving average of $5.07.

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

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.