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

Key Points

• Inter & Co. Inc. saw a 36.5% increase in short interest in August, with a total of 12.72 million shares sold short as of August 15th.
• UBS Group upgraded its target price for Inter & Co. shares to $9.20, reflecting a positive outlook despite the stock's current average rating of Hold.
• Institutional investors have increased their holdings in Inter & Co., with WCM Investment Management expanding its position by 170.5% in the second quarter.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 12,720,000 shares, agrowthof36.5% from the July 31st total of 9,320,000 shares. Currently,5.4% of the company's shares are sold short. Based on an average trading volume of 2,350,000 shares, the short-interest ratio is currently 5.4 days. Based on an average trading volume of 2,350,000 shares, the short-interest ratio is currently 5.4 days. Currently,5.4% of the company's shares are sold short.

Analyst Ratings Changes

Separately, UBS Group restated a "buy" rating and set a $9.20 target price (up from $8.10) on shares of Inter & Co. Inc. in a report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.77.

Inter & Co. Inc. Stock Down 0.1%

Shares of NASDAQ:INTR traded down $0.01 during midday trading on Monday, hitting $8.76. The stock had a trading volume of 1,902,530 shares, compared to its average volume of 2,651,026. The business's 50-day simple moving average is $7.48 and its 200-day simple moving average is $6.72. Inter & Co. Inc. has a 12 month low of $3.88 and a 12 month high of $8.79. The company has a market cap of $3.85 billion, a P/E ratio of 19.49, a PEG ratio of 0.43 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $365.45 million during the quarter, compared to the consensus estimate of $2.04 billion. On average, sell-side analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INTR. WCM Investment Management LLC grew its position in Inter & Co. Inc. by 170.5% in the second quarter. WCM Investment Management LLC now owns 8,724,180 shares of the company's stock valued at $64,123,000 after acquiring an additional 5,499,557 shares during the last quarter. Samlyn Capital LLC grew its holdings 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 worth $41,604,000 after purchasing an additional 1,459,151 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Inter & Co. Inc. by 3.8% in the second quarter. Marshall Wace LLP now owns 4,708,880 shares of the company's stock worth $34,987,000 after acquiring an additional 171,379 shares during the period. Martin Currie Ltd. acquired a new position in shares of Inter & Co. Inc. in the second quarter worth approximately $28,040,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of 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 worth $16,042,000 after acquiring an additional 891,939 shares during the period. Institutional investors and hedge funds 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.

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