Inter & Co, Inc. (NASDAQ:INTR) Short Interest Update

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 8,020,000 shares, an increase of 22.4% from the April 30th total of 6,550,000 shares. Approximately 3.5% of the shares of the company are sold short. Based on an average trading volume of 2,800,000 shares, the days-to-cover ratio is currently 2.9 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a report on Monday, March 17th.

Inter & Co, Inc. Price Performance

Shares of NASDAQ INTR traded up $0.14 during trading hours on Thursday, hitting $7.05. 2,168,608 shares of the stock were exchanged, compared to its average volume of 2,087,587. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The company has a market cap of $3.10 billion, a PE ratio of 18.08 and a beta of 1.18. The company's fifty day simple moving average is $6.37 and its two-hundred day simple moving average is $5.47. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $323.40 million during the quarter, compared to analyst estimates of $1.89 billion. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. On average, sell-side analysts predict that Inter & Co, Inc. will post 0.48 EPS for the current year.

Hedge Funds Weigh In On Inter & Co, Inc.

Several large investors have recently modified their holdings of INTR. Samlyn Capital LLC raised its stake in shares of Inter & Co, Inc. by 23.8% during the first quarter. Samlyn Capital LLC now owns 7,591,911 shares of the company's stock valued at $41,604,000 after acquiring an additional 1,459,151 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Inter & Co, Inc. by 502.0% during the first quarter. Jane Street Group LLC now owns 1,431,616 shares of the company's stock valued at $7,845,000 after acquiring an additional 1,193,818 shares during the last quarter. Millennium Management LLC bought a new position in Inter & Co, Inc. during the fourth quarter worth $4,586,000. Marshall Wace LLP raised its stake in Inter & Co, Inc. by 96.8% during the fourth quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock worth $8,213,000 after buying an additional 957,361 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Inter & Co, Inc. by 43.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company's stock valued at $16,042,000 after purchasing an additional 891,939 shares in the last quarter. 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.