Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Update

Intercorp Financial Services Inc. (NYSE:IFS) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 46,500 shares, an increase of 16.5% from the October 15th total of 39,900 shares. Based on an average daily volume of 121,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Insider Buying and Selling at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 247,311 shares of the stock in a transaction dated Friday, September 27th. The shares were bought at an average cost of $19.65 per share, for a total transaction of $4,859,661.15. Following the purchase, the insider now directly owns 1,842,999 shares of the company’s stock, valued at approximately $36,214,930.35. This trade represents a 15.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Intercorp Financial Services

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Intercorp Financial Services during the 1st quarter worth $31,000. Semanteon Capital Management LP bought a new position in Intercorp Financial Services in the third quarter valued at about $222,000. PDT Partners LLC acquired a new position in Intercorp Financial Services during the third quarter worth about $237,000. XTX Topco Ltd bought a new position in shares of Intercorp Financial Services in the third quarter worth about $288,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Intercorp Financial Services by 487.0% in the 1st quarter. Acadian Asset Management LLC now owns 15,145 shares of the company’s stock valued at $357,000 after purchasing an additional 12,565 shares in the last quarter.

Intercorp Financial Services Stock Performance

Shares of NYSE:IFS opened at $28.30 on Monday. The business’s 50 day simple moving average is $26.41 and its 200 day simple moving average is $24.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.12. Intercorp Financial Services has a 1 year low of $18.48 and a 1 year high of $30.59.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price target on Intercorp Financial Services from $31.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th.

About Intercorp Financial Services

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.