Inter & Co. Inc. (NASDAQ:INTR) Short Interest Up 38.4% in March

Inter & Co. Inc. (NASDAQ:INTR) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 9,103,691 shares, a growth of 38.4% from the February 26th total of 6,576,679 shares. Based on an average daily volume of 3,065,596 shares, the short-interest ratio is currently 3.0 days. Approximately 2.1% of the company’s shares are short sold.

Inter & Co. Inc. Stock Down 0.8%

NASDAQ INTR opened at $7.65 on Tuesday. Inter & Co. Inc. has a 1 year low of $4.86 and a 1 year high of $10.36. The stock has a market capitalization of $3.36 billion, a PE ratio of 14.17, a PEG ratio of 0.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.87. The business’s 50-day moving average is $8.72 and its 200 day moving average is $8.79.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%.The business had revenue of $404.31 million during the quarter, compared to analyst estimates of $441.78 million. Sell-side analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Inter & Co. Inc. Increases Dividend

The business also recently declared an annual dividend, which was paid on Thursday, March 5th. Investors of record on Sunday, February 22nd were issued a $0.1131 dividend. This represents a yield of 122.0%. This is an increase from Inter & Co. Inc.’s previous annual dividend of $0.08. The ex-dividend date was Friday, February 20th. Inter & Co. Inc.’s dividend payout ratio (DPR) is presently 20.37%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on INTR shares. Wall Street Zen downgraded shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Friday. Finally, UBS Group reiterated a “buy” rating and issued a $12.00 price objective on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Inter & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $10.67.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its position in shares of Inter & Co. Inc. by 170.8% in the 4th quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock worth $130,466,000 after purchasing an additional 9,704,435 shares during the period. WCM Investment Management LLC increased its position in shares of Inter & Co. Inc. by 21.3% during the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after buying an additional 1,862,169 shares during the period. Samlyn Capital LLC raised its stake in Inter & Co. Inc. by 19.9% in the third quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock worth $78,600,000 after buying an additional 1,415,601 shares in the last quarter. Marshall Wace LLP raised its stake in Inter & Co. Inc. by 62.7% in the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock worth $65,588,000 after buying an additional 2,981,210 shares in the last quarter. Finally, Squadra Investments Gestao DE Recursos LTDA. lifted its holdings in Inter & Co. Inc. by 6.0% in the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,253,452 shares of the company’s stock worth $53,029,000 after buying an additional 356,671 shares during the period. 22.90% of the stock is owned by hedge funds and other institutional investors.

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.