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

Key Points

• Inter & Co. Inc. saw a significant drop in short interest, decreasing by 54.6% to 5,780,000 shares in August.
• Institutional investors increased their stakes, with notable additions from Northern Trust Corp and Jane Street Group LLC, reflecting growing interest in the company.
• Analysts maintain a buy rating on the stock with a target price increase to $9.20, suggesting potential upward movement in share value.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 5,780,000 shares, a decrease of 54.6% from the August 15th total of 12,720,000 shares. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 2.4 days. Currently, 2.4% of the shares of the stock are short sold. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 2.4 days.

Institutional Investors Weigh In On Inter & Co. Inc.

Large investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in Inter & Co. Inc. by 198.7% in the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock worth $5,554,000 after acquiring an additional 875,546 shares in the last quarter. Jane Street Group LLC boosted its holdings in Inter & Co. Inc. by 571.9% in the fourth quarter. Jane Street Group LLC now owns 237,798 shares of the company's stock worth $1,004,000 after acquiring an additional 202,405 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Inter & Co. Inc. in the fourth quarter worth approximately $1,231,000. D. E. Shaw & Co. Inc. bought a new position in Inter & Co. Inc. in the fourth quarter worth approximately $60,000. Finally, Millennium Management LLC bought a new position in Inter & Co. Inc. in the fourth quarter worth approximately $4,586,000. Institutional investors and hedge funds own 22.90% of the company's stock.

Inter & Co. Inc. Trading Down 0.8%

NASDAQ INTR traded down $0.07 during trading hours on Friday, hitting $8.91. 998,771 shares of the company's stock were exchanged, compared to its average volume of 2,010,653. The stock has a 50-day simple moving average of $7.63 and a 200 day simple moving average of $6.80. Inter & Co. Inc. has a 1-year low of $3.88 and a 1-year high of $9.08. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 0.44 and a beta of 1.13. 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 earnings results on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, topping 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 analysts' expectations of $2.04 billion. On average, equities analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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 report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Inter & Co. Inc. has an average rating of "Hold" and an average price target of $6.77.

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.

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