Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Update

Key Points

• Short interest fell 25.4% to 211,321 shares as of Feb. 27, equal to about 0.2% of the stock and a days-to-cover ratio of 0.9.
• IFS traded at $44.77 with a market cap of $5.12B and a PE of 9.29, and analysts have a consensus rating of Moderate Buy with a consensus target of $48 (JPMorgan raised its target to $48, "overweight").
• Goldman Sachs notably increased its stake by 332.5%, now holding 63,962 shares, alongside several other institutional buyers adding new or larger positions.

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 211,321 shares, a decline of 25.4% from the February 12th total of 283,202 shares. Approximately 0.2% of the company's stock are short sold. Based on an average trading volume of 227,368 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 227,368 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company's stock are short sold.

Intercorp Financial Services Price Performance

IFS traded up $0.03 on Friday, reaching $44.77. 227,468 shares of the stock were exchanged, compared to its average volume of 260,949. The company's 50-day moving average price is $47.51 and its 200 day moving average price is $43.28. The firm has a market capitalization of $5.12 billion, a PE ratio of 9.29, a PEG ratio of 0.36 and a beta of 0.83. Intercorp Financial Services has a fifty-two week low of $29.09 and a fifty-two week high of $52.58.

Analyst Upgrades and Downgrades

IFS has been the subject of a number of analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Wall Street Zen downgraded Intercorp Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Intercorp Financial Services from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $48.00.

Institutional Trading of Intercorp Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in Intercorp Financial Services by 332.5% in the first quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company's stock valued at $2,119,000 after purchasing an additional 49,173 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Intercorp Financial Services in the first quarter worth about $287,000. Envestnet Asset Management Inc. acquired a new stake in shares of Intercorp Financial Services during the 2nd quarter worth approximately $1,432,000. Geode Capital Management LLC grew its position in Intercorp Financial Services by 9.7% during the second quarter. Geode Capital Management LLC now owns 20,649 shares of the company's stock valued at $787,000 after buying an additional 1,824 shares during the period. Finally, Renaissance Group LLC acquired a new stake in Intercorp Financial Services during the second quarter valued at $1,930,000.

Intercorp Financial Services Company Profile

Intercorp Financial Services NYSE: IFS is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company's core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.

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