Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 65.6% in February

Inter & Co, Inc. (NASDAQ:INTR) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 13,930,000 shares, a growth of 65.6% from the January 31st total of 8,410,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the short-interest ratio is presently 6.2 days. Approximately 6.8% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a report on Friday, January 24th.

Inter & Co, Inc. Trading Down 0.9 %

INTR stock traded down $0.05 during trading on Tuesday, hitting $5.02. The company had a trading volume of 621,157 shares, compared to its average volume of 2,904,941. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.18 billion, a P/E ratio of 12.88 and a beta of 1.32. The company has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $5.77. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. As a group, research analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a dividend yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio is presently 20.51%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. US Bancorp DE grew its stake in Inter & Co, Inc. by 6,054.6% during the 4th quarter. US Bancorp DE now owns 5,970 shares of the company’s stock worth $25,000 after buying an additional 5,873 shares during the last quarter. Savant Capital LLC purchased a new position in shares of Inter & Co, Inc. during the fourth quarter worth $42,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Inter & Co, Inc. by 78.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after buying an additional 5,500 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in Inter & Co, Inc. in the fourth quarter valued at approximately $60,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after buying an additional 2,399 shares in the last quarter. 22.90% of the stock is owned by institutional investors.

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.