Short Interest in Inter & Co, Inc. (NASDAQ:INTR) Expands By 28.5%

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 6,710,000 shares, a growth of 28.5% from the March 15th total of 5,220,000 shares. Approximately 3.3% of the company's shares are sold short. Based on an average daily volume of 2,700,000 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on INTR shares. Morgan Stanley cut their target price on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a report on Monday, March 17th. JPMorgan Chase & Co. reduced their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.78.

Hedge Funds Weigh In On Inter & Co, Inc.

Institutional investors have recently modified their holdings of the company. US Bancorp DE increased its stake in Inter & Co, Inc. by 6,054.6% during the 4th quarter. US Bancorp DE now owns 5,970 shares of the company's stock valued at $25,000 after purchasing an additional 5,873 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Inter & Co, Inc. during the fourth quarter valued at about $42,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Inter & Co, Inc. by 78.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after acquiring an additional 5,500 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Inter & Co, Inc. in the 4th quarter worth about $60,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Inter & Co, Inc. by 17.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock worth $68,000 after acquiring an additional 2,399 shares during the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co, Inc. Stock Up 0.9 %

NASDAQ INTR traded up $0.06 on Thursday, hitting $6.37. 135,557 shares of the company were exchanged, compared to its average volume of 1,895,362. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.76 billion, a PE ratio of 16.29 and a beta of 1.24. The stock has a fifty day moving average of $5.50 and a 200-day moving average of $5.37. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. As a group, analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 17th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a yield of 0.5%. Inter & Co, Inc.'s dividend payout ratio (DPR) is presently 20.51%.

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.