Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 26.9% in April

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 852,200 shares, a growth of 26.9% from the March 31st total of 671,800 shares. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the company's stock are sold short.

Inter & Co, Inc. Stock Up 3.0 %

NASDAQ INTR traded up $0.15 during trading hours on Friday, reaching $5.21. 420,950 shares of the company traded hands, compared to its average volume of 859,559. Inter & Co, Inc. has a 12 month low of $1.62 and a 12 month high of $6.44. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.26 billion, a PE ratio of 34.73 and a beta of 1.37. The company has a 50 day moving average of $5.67 and a two-hundred day moving average of $5.28.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. The company had revenue of $265.06 million for the quarter, compared to analysts' expectations of $269.81 million. Inter & Co, Inc. had a net margin of 5.01% and a return on equity of 4.16%. As a group, equities analysts expect that Inter & Co, Inc. will post 0.37 earnings per share for the current year.

Inter & Co, Inc. Announces Dividend

The firm also recently announced a -- dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, April 15th. Inter & Co, Inc.'s dividend payout ratio (DPR) is 20.00%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Inter & Co, Inc. from $5.80 to $6.50 and gave the company a "buy" rating in a research note on Friday, February 9th. Citigroup downgraded shares of Inter & Co, Inc. from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $6.30 to $6.00 in a research note on Friday, February 16th.

Institutional Trading of Inter & Co, Inc.

Institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth $42,000. Quadrature Capital Ltd acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth about $47,000. First Trust Direct Indexing L.P. acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth about $50,000. Axxcess Wealth Management LLC acquired a new stake in shares of Inter & Co, Inc. in the 4th quarter worth about $550,000. Finally, SPX Gestao de Recursos Ltda increased its holdings in shares of Inter & Co, Inc. by 171.0% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 362,162 shares of the company's stock worth $2,014,000 after acquiring an additional 228,528 shares during the period. 22.90% of the stock is owned by institutional investors and hedge funds.

About Inter & Co, Inc.

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.