Inter & Co, Inc. (NASDAQ:INTR) Short Interest Down 35.8% in February

Inter & Co, Inc. (NASDAQ:INTR) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 8,940,000 shares, a decline of 35.8% from the February 13th total of 13,930,000 shares. Based on an average daily trading volume, of 2,630,000 shares, the short-interest ratio is currently 3.4 days. Approximately 4.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Inter & Co, Inc.

Several institutional investors and hedge funds have recently made changes to their positions in INTR. US Bancorp DE boosted its position in shares of Inter & Co, Inc. by 6,054.6% during the 4th quarter. US Bancorp DE now owns 5,970 shares of the company’s stock valued at $25,000 after purchasing an additional 5,873 shares in the last quarter. Savant Capital LLC bought a new stake in shares of Inter & Co, Inc. during the 4th quarter valued at about $42,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Inter & Co, Inc. by 78.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after purchasing an additional 5,500 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Inter & Co, Inc. during the 4th quarter valued at about $60,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Inter & Co, Inc. by 17.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after acquiring an additional 2,399 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Trading Up 6.5 %

Shares of NASDAQ INTR traded up $0.36 during trading on Friday, reaching $5.91. The company had a trading volume of 2,338,562 shares, compared to its average volume of 2,806,773. The company’s fifty day moving average price is $5.10 and its 200-day moving average price is $5.63. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The stock has a market cap of $2.57 billion, a P/E ratio of 15.15 and a beta of 1.31. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01.

Inter & Co, Inc. (NASDAQ:INTR) last announced its earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. As a group, research analysts expect that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 17th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a dividend yield of 0.5%. Inter & Co, Inc.’s payout ratio is 20.51%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research report on Friday, January 24th.

About Inter & Co, Inc.

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.