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

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

Wall Street Analysts Forecast Growth

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

Inter & Co, Inc. Trading Up 1.7 %

Shares of INTR opened at $4.73 on Monday. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. 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 firm’s 50-day moving average price is $4.75 and its 200-day moving average price is $6.07. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 13.51 and a beta of 1.29.

Institutional Trading of Inter & Co, Inc.

Several large investors have recently bought and sold shares of INTR. Atom Investors LP purchased a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at approximately $71,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at $91,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth about $103,000. FNY Investment Advisers LLC purchased a new stake in shares of Inter & Co, Inc. in the 4th quarter worth about $105,000. Finally, Walleye Capital LLC bought a new position in shares of Inter & Co, Inc. in the 3rd quarter worth about $162,000. 22.90% of the stock is owned by institutional investors.

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.