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

Inter & Co, Inc. (NASDAQ:INTR) was the target of a significant 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. Currently, 2.9% of the company’s stock are sold short. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is presently 3.8 days.

Inter & Co, Inc. Stock Performance

NASDAQ:INTR traded down $0.04 during trading hours on Monday, hitting $4.59. 270,773 shares of the company traded hands, compared to its average volume of 1,500,695. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 13.23 and a beta of 1.24. 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 has a 50-day moving average of $5.85 and a 200 day moving average of $6.36. Inter & Co, Inc. has a twelve month low of $4.27 and a twelve month high of $7.84.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered 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 report on Friday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $7.30.

Hedge Funds Weigh In On Inter & Co, Inc.

Several institutional investors have recently bought and sold shares of INTR. Samlyn Capital LLC increased its holdings in Inter & Co, Inc. by 4.1% during the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock worth $30,713,000 after purchasing an additional 196,355 shares in the last quarter. Millennium Management LLC increased its position in Inter & Co, Inc. by 70.7% in the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock valued at $27,751,000 after acquiring an additional 1,868,527 shares during the period. State Street Corp grew its holdings in Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after acquiring an additional 2,396,448 shares during the period. Marshall Wace LLP boosted its position in shares of Inter & Co, Inc. by 152.9% during the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock worth $14,203,000 after purchasing an additional 1,396,317 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Inter & Co, Inc. by 436.9% during the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after acquiring an additional 1,361,258 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

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.