Short Interest in Inter & Co, Inc. (NASDAQ:INTR) Increases By 105.7%

Inter & Co, Inc. (NASDAQ:INTR) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 773,800 shares, a growth of 105.7% from the May 31st total of 376,200 shares. Based on an average trading volume of 908,300 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup started coverage on Inter & Co, Inc. in a research note on Tuesday, June 25th. They set a “buy” rating and a $6.80 price target on the stock. Itau BBA Securities raised shares of Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a report on Tuesday, May 21st.

Inter & Co, Inc. Stock Down 1.4 %

Shares of INTR opened at $6.15 on Friday. The company has a market capitalization of $2.67 billion, a PE ratio of 26.74 and a beta of 1.53. The stock’s 50-day moving average price is $5.84 and its two-hundred day moving average price is $5.60. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 12 month low of $2.85 and a 12 month high of $6.78.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $332.84 million for the quarter. Inter & Co, Inc. had a return on equity of 6.16% and a net margin of 7.38%. During the same period in the prior year, the firm earned $0.01 earnings per share. On average, analysts anticipate that Inter & Co, Inc. will post 0.38 EPS for the current year.

Inter & Co, Inc. Announces Dividend

The business also recently declared a — dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were issued a $0.03 dividend. The ex-dividend date was Monday, April 15th. Inter & Co, Inc.’s payout ratio is 13.04%.

Hedge Funds Weigh In On Inter & Co, Inc.

Several institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new stake in Inter & Co, Inc. in the 3rd quarter valued at about $47,000. Jump Financial LLC grew its stake in Inter & Co, Inc. by 301.9% in the fourth quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock valued at $232,000 after acquiring an additional 31,400 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Inter & Co, Inc. during the first quarter valued at approximately $180,000. Virtu Financial LLC acquired a new position in shares of Inter & Co, Inc. during the first quarter worth approximately $346,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Inter & Co, Inc. during the fourth quarter worth approximately $550,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

About Inter & Co, Inc.

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.