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

Inter & Co, Inc. (NASDAQ:INTR) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 773,800 shares, a growth of 105.7% from the May 31st total of 376,200 shares. Based on an average daily volume of 908,300 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Inter & Co, Inc.

Several large investors have recently bought and sold shares of the stock. Fourth Sail Capital LP acquired a new stake in shares of Inter & Co, Inc. during the first quarter worth about $9,155,000. SPX Gestao de Recursos Ltda lifted its stake in Inter & Co, Inc. by 171.0% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 362,162 shares of the company’s stock valued at $2,014,000 after buying an additional 228,528 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Inter & Co, Inc. by 301.9% in the fourth quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock valued at $232,000 after acquiring an additional 31,400 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Inter & Co, Inc. during the third quarter worth approximately $47,000. Finally, Axxcess Wealth Management LLC purchased a new position in shares of Inter & Co, Inc. during the fourth quarter worth approximately $550,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on INTR. Itau BBA Securities raised shares of Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 price objective for the company in a research note on Tuesday, May 21st. Citigroup started coverage on shares of Inter & Co, Inc. in a research note on Tuesday, June 25th. They issued a “buy” rating and a $6.80 price target for the company.

Inter & Co, Inc. Stock Performance

Shares of INTR opened at $6.15 on Friday. Inter & Co, Inc. has a 1 year low of $2.85 and a 1 year high of $6.78. The stock has a market capitalization of $2.67 billion, a PE ratio of 26.74 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50-day simple moving average of $5.84 and a 200-day simple moving average of $5.60.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Inter & Co, Inc. had a net margin of 7.38% and a return on equity of 6.16%. The company had revenue of $332.84 million during the quarter. During the same quarter in the prior year, the firm earned $0.01 EPS. On average, analysts predict that Inter & Co, Inc. will post 0.38 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The business also recently declared a — dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were paid a $0.03 dividend. The ex-dividend date was Monday, April 15th. Inter & Co, Inc.’s dividend payout ratio is currently 13.04%.

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.