Inter & Co, Inc. (NASDAQ:INTR) Short Interest Up 18.6% in November

Inter & Co, Inc. (NASDAQ:INTR) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 6,000,000 shares, an increase of 18.6% from the November 15th total of 5,060,000 shares. Based on an average trading volume of 1,590,000 shares, the short-interest ratio is presently 3.8 days. Currently, 2.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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 on the stock in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $7.30.

Institutional Investors Weigh In On Inter & Co, Inc.

Hedge funds have recently made changes to their positions in the company. Atom Investors LP bought a new stake in Inter & Co, Inc. in the 3rd quarter worth approximately $71,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Inter & Co, Inc. in the third quarter valued at $91,000. Public Employees Retirement System of Ohio bought a new stake in Inter & Co, Inc. in the third quarter worth $103,000. Walleye Capital LLC purchased a new stake in Inter & Co, Inc. during the third quarter valued at $162,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Inter & Co, Inc. during the third quarter valued at $163,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co, Inc. Price Performance

NASDAQ INTR traded up $0.12 on Friday, reaching $4.63. The company had a trading volume of 1,794,573 shares, compared to its average volume of 1,505,972. The stock has a market capitalization of $2.01 billion, a PE ratio of 13.23 and a beta of 1.24. Inter & Co, Inc. has a 12 month low of $4.27 and a 12 month high of $7.84. 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 firm’s 50 day moving average price is $5.85 and its 200 day moving average price is $6.36.

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.