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

Inter & Co, Inc. (NASDAQ:INTR) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 8,820,000 shares, an increase of 47.0% from the November 30th total of 6,000,000 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is presently 5.0 days.

Institutional Investors Weigh In On Inter & Co, Inc.

Large investors have recently made changes to their positions in the company. Atom Investors LP purchased a new position in Inter & Co, Inc. during the 3rd quarter valued at approximately $71,000. Allspring Global Investments Holdings LLC bought a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at about $91,000. Public Employees Retirement System of Ohio purchased a new position in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $103,000. Walleye Capital LLC bought a new stake in Inter & Co, Inc. in the third quarter worth $162,000. Finally, The Manufacturers Life Insurance Company bought a new position in Inter & Co, Inc. during the 3rd quarter valued at about $163,000. 22.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Inter & Co, Inc. Price Performance

INTR traded down $0.09 during trading on Monday, hitting $4.16. 250,336 shares of the company traded hands, compared to its average volume of 1,523,370. 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 company has a market cap of $1.81 billion, a PE ratio of 11.89 and a beta of 1.24. The stock’s 50-day simple moving average is $5.41 and its two-hundred day simple moving average is $6.24. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84.

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.