Short Interest in Intercorp Financial Services Inc. (NYSE:IFS) Increases By 26.1%

Intercorp Financial Services Inc. (NYSE:IFS) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 196,900 shares, an increase of 26.1% from the June 30th total of 156,100 shares. Based on an average trading volume of 77,200 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.6% of the company’s stock are short sold.

Intercorp Financial Services Stock Up 0.7 %

NYSE:IFS traded up $0.15 during mid-day trading on Tuesday, reaching $22.36. The stock had a trading volume of 10,550 shares, compared to its average volume of 99,676. The business’s 50 day moving average is $22.72 and its 200 day moving average is $23.87. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. Intercorp Financial Services has a fifty-two week low of $17.94 and a fifty-two week high of $30.59.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Monday, May 13th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.21). The business had revenue of $357.25 million for the quarter, compared to analyst estimates of $434.62 million. Intercorp Financial Services had a return on equity of 9.61% and a net margin of 15.76%. During the same quarter last year, the company earned $0.60 EPS. As a group, equities research analysts anticipate that Intercorp Financial Services will post 3.22 EPS for the current fiscal year.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp purchased 342,154 shares of Intercorp Financial Services stock in a transaction dated Thursday, June 27th. The stock was acquired at an average cost of $19.67 per share, with a total value of $6,730,169.18. Following the completion of the transaction, the insider now directly owns 1,595,688 shares of the company’s stock, valued at $31,387,182.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Intercorp Financial Services

Several institutional investors have recently bought and sold shares of IFS. Russell Investments Group Ltd. acquired a new position in shares of Intercorp Financial Services during the 1st quarter valued at about $31,000. Jump Financial LLC acquired a new position in Intercorp Financial Services during the fourth quarter valued at approximately $255,000. Acadian Asset Management LLC grew its holdings in Intercorp Financial Services by 487.0% during the first quarter. Acadian Asset Management LLC now owns 15,145 shares of the company’s stock valued at $357,000 after purchasing an additional 12,565 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Intercorp Financial Services in the first quarter valued at approximately $458,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Intercorp Financial Services in the first quarter worth $559,000.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price objective on Intercorp Financial Services from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.