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

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) experienced a notable reduction in short interest throughout February. By February 28th, the short interest totaled 8,940,000 shares, which represents a significant 35.8% decline from the February 13th figure of 13,930,000 shares. This means that about 4.4% of the company’s outstanding shares are currently sold short. With an average daily trading volume of 2,630,000 shares, the short-interest ratio stands at 3.4 days.

Inter & Co, Inc. Stock Performance

On Friday, shares of Inter & Co, Inc. rose by $0.36 to reach $5.91 during mid-day trading. A total of 2,338,562 shares were traded, in comparison to the average volume of 2,806,773 shares. The company’s stock has a market capitalization of $2.57 billion and is trading at a P/E ratio of 15.15. Its beta is currently at 1.31. The 50-day simple moving average for the stock is $5.10, while the 200-day simple moving average is $5.66. The stock has recorded a low of $3.88 and a high of $7.84 over the past year.

Inter & Co, Inc. Earnings Report

The latest quarterly earnings results for Inter & Co, Inc. were released on February 6th. The company reported earnings per share (EPS) of $0.11, slightly exceeding analysts’ expectations of $0.10. Inter & Co, Inc. demonstrated a return on equity of 10.06% alongside a net profit margin of 11.74%. Analysts are predicting that the company will achieve an EPS of 0.48 for the current fiscal year.

Dividend Announcement

Recently, Inter & Co, Inc. announced an annual dividend, which was paid on February 26th. Shareholders who were on record as of February 17th received a dividend payment of $0.08 per share. The ex-dividend date was set for February 14th. This dividend represents a yield of 0.5%, with a payout ratio of 20.51%.

Institutional Trading Activity

Several hedge funds have been active in adjusting their positions in Inter & Co, Inc. State Street Corp increased its stake by 254.0% during the third quarter, owning 3,339,841 shares valued at around $22,243,000 after acquiring an additional 2,396,448 shares. Additionally, Swedbank AB made a new investment in the company during the fourth quarter worth approximately $7,826,000. Fourth Sail Capital LP also acquired a new stake of about $9,313,000 in the third quarter. Geode Capital Management LLC expanded its holdings by 436.9% in the same quarter, now holding 1,672,833 shares valued at $11,060,000 after an additional purchase of 1,361,258 shares. Overall, 22.90% of Inter & Co, Inc.'s stock is owned by institutional investors and hedge funds.

Analyst Forecasts

In related news, analysts at JPMorgan Chase & Co. reduced their price target for Inter & Co, Inc. from $7.20 to $7.10, maintaining an "overweight" rating on the stock in a report released on January 24th.

About Inter & Co, Inc.

Inter & Co, Inc. is a holding company involved in providing a variety of financial products and services. Its operations span different segments including Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, and Others. The Banking division offers services such as checking accounts, deposits, loans, and other financial services via its mobile application.

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