Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 12,720,000 shares, an increase of 36.5% from the July 31st total of 9,320,000 shares. Approximately 5.4% of the company's stock are sold short. Based on an average trading volume of 2,350,000 shares, the days-to-cover ratio is currently 5.4 days. Based on an average trading volume of 2,350,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 5.4% of the company's stock are sold short.
Inter & Co. Inc. Stock Performance
Shares of INTR traded down $0.07 during mid-day trading on Friday, reaching $8.91. The company's stock had a trading volume of 998,771 shares, compared to its average volume of 2,010,653. Inter & Co. Inc. has a 1-year low of $3.88 and a 1-year high of $9.08. The stock has a market cap of $3.92 billion, a P/E ratio of 19.80, a PEG ratio of 0.44 and a beta of 1.13. The business has a 50-day simple moving average of $7.63 and a two-hundred day simple moving average of $6.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.06.
Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%.The company had revenue of $365.45 million during the quarter, compared to analysts' expectations of $2.04 billion. As a group, equities research analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, UBS Group reaffirmed a "buy" rating and issued a $9.20 target price (up previously from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $6.77.
Read Our Latest Stock Analysis on INTR
Institutional Trading of Inter & Co. Inc.
Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its position in shares of Inter & Co. Inc. by 1,281.2% in the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company's stock valued at $42,000 after buying an additional 5,240 shares during the last quarter. Summit Securities Group LLC increased its stake in shares of Inter & Co. Inc. by 1,375.1% during the first quarter. Summit Securities Group LLC now owns 9,072 shares of the company's stock worth $50,000 after purchasing an additional 8,457 shares during the period. D. E. Shaw & Co. Inc. bought a new position in shares of Inter & Co. Inc. during the fourth quarter worth approximately $60,000. Voya Investment Management LLC boosted its stake in Inter & Co. Inc. by 79.8% in the 4th quarter. Voya Investment Management LLC now owns 18,544 shares of the company's stock valued at $78,000 after purchasing an additional 8,230 shares during the period. Finally, Two Sigma Advisers LP bought a new stake in Inter & Co. Inc. in the 4th quarter valued at $93,000. 22.90% of the stock is owned by institutional investors and hedge funds.
About Inter & Co. Inc.
(
Get Free Report)
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.
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