Short Interest in Inter & Co, Inc. (NASDAQ:INTR) Grows By 7.5%

Inter & Co, Inc. (NASDAQ:INTR) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 9,480,000 shares, a growth of 7.5% from the December 15th total of 8,820,000 shares. Based on an average daily volume of 1,800,000 shares, the short-interest ratio is presently 5.3 days. Approximately 4.6% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price target on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating for the company in a research report on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $7.30.

Inter & Co, Inc. Price Performance

Shares of NASDAQ INTR opened at $4.73 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $6.07. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 13.51 and a beta of 1.29.

Institutional Investors Weigh In On Inter & Co, Inc.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in shares of Inter & Co, Inc. by 4,711.6% in the third quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock worth $7,068,000 after purchasing an additional 1,039,232 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Inter & Co, Inc. in the 3rd quarter valued at approximately $8,311,000. Geode Capital Management LLC raised its holdings in Inter & Co, Inc. by 436.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock valued at $11,060,000 after acquiring an additional 1,361,258 shares during the period. Public Sector Pension Investment Board bought a new stake in Inter & Co, Inc. during the 3rd quarter valued at $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Inter & Co, Inc. in the third quarter worth $4,874,000. 22.90% of the stock is currently owned by institutional investors.

Inter & Co, Inc. Company Profile

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.