Inter & Co, Inc. (NASDAQ:INTR) Sees Large Growth in Short Interest

Inter & Co, Inc. (NASDAQ:INTR) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 6,000,000 shares, an increase of 18.6% from the November 15th total of 5,060,000 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is presently 3.8 days.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating for the company in a research note on Friday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $7.30.

Institutional Investors Weigh In On Inter & Co, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of INTR. Atom Investors LP purchased a new position in Inter & Co, Inc. during the third quarter valued at approximately $71,000. Allspring Global Investments Holdings LLC purchased a new position in Inter & Co, Inc. during the third quarter worth approximately $91,000. Public Employees Retirement System of Ohio acquired a new stake in Inter & Co, Inc. in the third quarter valued at approximately $103,000. Walleye Capital LLC purchased a new stake in shares of Inter & Co, Inc. in the third quarter valued at approximately $162,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $163,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Stock Performance

Shares of Inter & Co, Inc. stock traded down $0.04 during midday trading on Monday, hitting $4.59. The company had a trading volume of 336,028 shares, compared to its average volume of 1,501,054. Inter & Co, Inc. has a 12-month low of $4.27 and a 12-month high of $7.84. The company has a fifty day simple moving average of $5.85 and a 200 day simple moving average of $6.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 13.23 and a beta of 1.24.

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.