Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 7.5% in January

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

Institutional Investors Weigh In On Inter & Co, Inc.

Several institutional investors have recently added to or reduced their stakes in INTR. Savant Capital LLC bought a new stake in Inter & Co, Inc. during the fourth quarter valued at $42,000. Atom Investors LP bought a new stake in Inter & Co, Inc. in the third quarter valued at approximately $71,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Inter & Co, Inc. in the third quarter valued at about $91,000. Public Employees Retirement System of Ohio bought a new position in Inter & Co, Inc. during the 3rd quarter valued at approximately $103,000. Finally, Walleye Capital LLC bought a new stake in Inter & Co, Inc. in the third quarter valued at $162,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co, Inc. Price Performance

Shares of NASDAQ INTR opened at $5.23 on Tuesday. The company has a market capitalization of $2.27 billion, a PE ratio of 14.94 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $4.57 and its 200-day moving average price is $5.97. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Inter & Co, Inc. presently has a consensus rating of “Buy” and a consensus price target of $7.28.

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.