Inter & Co. Inc. (NASDAQ:INTR) Short Interest Up 33.8% in December

Inter & Co. Inc. (NASDAQ:INTR) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 9,433,001 shares, an increase of 33.8% from the November 30th total of 7,048,049 shares. Based on an average daily volume of 2,532,000 shares, the short-interest ratio is presently 3.7 days. Currently, 2.1% of the company’s shares are short sold. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 2,532,000 shares, the short-interest ratio is presently 3.7 days.

Analysts Set New Price Targets

INTR has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday. UBS Group lifted their price target on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the company a “buy” rating in a research note on Thursday, October 16th. The Goldman Sachs Group increased their price objective on Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Itau BBA Securities downgraded Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $11.00 to $10.00 in a report on Wednesday, November 19th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Inter & Co. Inc. presently has an average rating of “Hold” and a consensus price target of $8.32.

Inter & Co. Inc. Stock Up 1.3%

INTR traded up $0.11 during trading on Tuesday, hitting $8.50. The stock had a trading volume of 1,637,312 shares, compared to its average volume of 2,264,681. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $3.74 billion, a PE ratio of 17.12, a PEG ratio of 0.41 and a beta of 1.14. Inter & Co. Inc. has a twelve month low of $4.00 and a twelve month high of $10.22. The stock has a 50 day simple moving average of $8.83 and a two-hundred day simple moving average of $8.28.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Thursday, November 13th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Inter & Co. Inc. had a return on equity of 12.57% and a net margin of 12.46%.The company had revenue of $396.89 million for the quarter, compared to analyst estimates of $2.14 billion. On average, research analysts predict that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of Inter & Co. Inc.

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in shares of Inter & Co. Inc. in the third quarter valued at about $35,000. SBI Securities Co. Ltd. lifted its holdings in shares of Inter & Co. Inc. by 1,281.2% during the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock worth $42,000 after purchasing an additional 5,240 shares during the period. Scotia Capital Inc. purchased a new stake in Inter & Co. Inc. in the second quarter valued at approximately $99,000. Entropy Technologies LP acquired a new position in Inter & Co. Inc. in the 2nd quarter worth approximately $131,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Inter & Co. Inc. in the 2nd quarter worth approximately $136,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

About Inter & Co. Inc.

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.