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

Inter & Co, Inc. (NASDAQ:INTR) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 8,940,000 shares, a decrease of 35.8% from the February 13th total of 13,930,000 shares. Approximately 4.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,630,000 shares, the days-to-cover ratio is presently 3.4 days.

Wall Street Analysts Forecast Growth

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.

Inter & Co, Inc. Price Performance

Shares of Inter & Co, Inc. stock traded up $0.36 during trading on Friday, reaching $5.91. 2,338,562 shares of the company’s stock were exchanged, compared to its average volume of 2,806,773. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The company has a market cap of $2.57 billion, a P/E ratio of 15.15 and a beta of 1.31. The firm’s 50-day moving average price is $5.10 and its 200 day moving average price is $5.63.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates 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 anticipate that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were issued 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 dividend payout ratio (DPR) is currently 20.51%.

Hedge Funds Weigh In On Inter & Co, Inc.

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its holdings in Inter & Co, Inc. by 6,054.6% in the 4th quarter. US Bancorp DE now owns 5,970 shares of the company’s stock worth $25,000 after purchasing an additional 5,873 shares in the last quarter. Savant Capital LLC acquired a new position in Inter & Co, Inc. in the 4th quarter worth about $42,000. Atom Investors LP acquired a new position in Inter & Co, Inc. in the 3rd quarter worth about $71,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Inter & Co, Inc. by 78.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock worth $52,000 after purchasing an additional 5,500 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in Inter & Co, Inc. in the 4th quarter worth about $60,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Company Profile

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.