Short Interest in Intercorp Financial (NYSE:IFS) Rises By 10.6%

Intercorp Financial (NYSE:IFS) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 39,700 shares, an increase of 10.6% from the August 15th total of 35,900 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 107,800 shares, the short-interest ratio is presently 0.4 days.

A number of equities research analysts recently weighed in on IFS shares. JPMorgan Chase & Co. started coverage on shares of Intercorp Financial in a research report on Tuesday, September 10th. They set an “overweight” rating and a $54.00 price objective for the company. Bank of America assumed coverage on shares of Intercorp Financial in a report on Tuesday, August 13th. They issued a “buy” rating and a $59.00 price objective for the company.

IFS stock traded up $0.63 on Friday, hitting $39.43. 56,840 shares of the company’s stock traded hands. Intercorp Financial has a 1-year low of $37.71 and a 1-year high of $47.46. The stock’s fifty day moving average is $40.37.

Intercorp Financial Company Profile

Intercorp Financial Services, Inc is a holding company, which engages in the provision of financial services. Through its subsidiaries, it operates through the following business segments: Banking, Insurance, and Wealth Management. The Banking segment provides a range of retail banking and commercial banking products, and services to individuals, large companies, and small and medium enterprises.

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