Short Interest in Intercorp Financial Services Inc. (NYSE:IFS) Expands By 28.4%

Intercorp Financial Services Inc. (NYSE:IFS) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 131,000 shares, an increase of 28.4% from the February 28th total of 102,000 shares. Based on an average trading volume of 167,000 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Intercorp Financial Services

Hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new stake in Intercorp Financial Services during the 4th quarter valued at approximately $42,000. Employees Retirement System of Texas bought a new stake in shares of Intercorp Financial Services during the fourth quarter valued at approximately $1,549,000. Sei Investments Co. bought a new stake in shares of Intercorp Financial Services during the fourth quarter valued at approximately $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Intercorp Financial Services in the fourth quarter worth $238,000. Finally, PDT Partners LLC bought a new position in shares of Intercorp Financial Services during the third quarter worth $237,000.

Intercorp Financial Services Price Performance

Shares of NYSE:IFS opened at $33.16 on Tuesday. The company has a market capitalization of $3.79 billion, a P/E ratio of 10.98, a P/E/G ratio of 0.32 and a beta of 1.24. Intercorp Financial Services has a 1-year low of $20.56 and a 1-year high of $34.60. The firm’s 50 day simple moving average is $31.96 and its two-hundred day simple moving average is $29.23.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. On average, sell-side analysts anticipate that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.

About Intercorp Financial Services

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.