Inter & Co, Inc. (NASDAQ:INTR) Sees Significant Growth in Short Interest

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

Analysts Set New Price Targets

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

Inter & Co, Inc. Stock Down 1.1%

Shares of Inter & Co, Inc. stock traded down $0.08 on Friday, reaching $6.97. 920,211 shares of the company were exchanged, compared to its average volume of 2,094,058. The stock's 50 day moving average price is $6.40 and its 200-day moving average price is $5.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The company has a market cap of $3.06 billion, a P/E ratio of 17.87 and a beta of 1.16.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. The firm had revenue of $323.40 million for the quarter, compared to analyst estimates of $1.89 billion. As a group, equities analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current year.

Hedge Funds Weigh In On Inter & Co, Inc.

Institutional investors and hedge funds have recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in Inter & Co, Inc. during the 4th quarter worth about $187,000. Northern Trust Corp increased its holdings in shares of Inter & Co, Inc. by 198.7% in the 4th quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock valued at $5,554,000 after acquiring an additional 875,546 shares during the period. Mariner LLC purchased a new stake in Inter & Co, Inc. in the 4th quarter valued at $211,000. Bank of New York Mellon Corp boosted its stake in Inter & Co, Inc. by 15.8% during the 4th quarter. Bank of New York Mellon Corp now owns 249,851 shares of the company's stock worth $1,054,000 after purchasing an additional 34,042 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Inter & Co, Inc. by 14.9% during the 4th quarter. Two Sigma Investments LP now owns 472,799 shares of the company's stock worth $1,995,000 after purchasing an additional 61,291 shares during the period. Institutional investors and hedge funds own 22.90% of the company's stock.

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.