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

Inter & Co, Inc. (NASDAQ:INTR) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 9,480,000 shares, a growth of 7.5% from the December 15th 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 shares of the company are short sold.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased 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 note on Friday, December 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $7.30.

Inter & Co, Inc. Stock Performance

Shares of NASDAQ:INTR traded up $0.08 on Friday, reaching $4.73. The company’s stock had a trading volume of 3,076,594 shares, compared to its average volume of 1,591,343. The stock’s 50-day moving average is $4.75 and its two-hundred day moving average is $6.07. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $2.05 billion, a P/E ratio of 13.51 and a beta of 1.29.

Institutional Investors Weigh In On Inter & Co, Inc.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atom Investors LP purchased a new position in Inter & Co, Inc. during the third quarter worth about $71,000. Allspring Global Investments Holdings LLC purchased a new position in Inter & Co, Inc. during the third quarter worth about $91,000. Public Employees Retirement System of Ohio purchased a new position in Inter & Co, Inc. in the third quarter valued at about $103,000. Walleye Capital LLC purchased a new position in Inter & Co, Inc. in the third quarter valued at about $162,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Inter & Co, Inc. in the third quarter valued at about $163,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

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.