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

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) experienced a notable drop in short interest for February. As of February 28th, the total short interest stood at 8,940,000 shares, marking a significant reduction of 35.8% from the previous total of 13,930,000 shares recorded on February 13th. This decline means that about 4.4% of the company's shares are currently sold short. Furthermore, given an average trading volume of 2,630,000 shares, the current short-interest ratio is 3.4 days.

Inter & Co, Inc. Stock Performance

On Friday, Inter & Co, Inc. stock saw an increase of $0.36, reaching $5.91 during the mid-day trading session. A total of 2,338,562 shares were traded, which is below the average volume of 2,806,773 shares. The stock has a 50-day simple moving average of $5.10 and a 200-day simple moving average of $5.66. Its market capitalization is currently $2.57 billion, with a P/E ratio of 15.15 and a beta of 1.31. The company's quick ratio is at 0.87, while the current ratio is at 0.85, and it has a debt-to-equity ratio of 0.01. Over the past year, Inter & Co, Inc. has recorded a low of $3.88 and a high of $7.84.

Inter & Co, Inc. Dividend Announcement

Recently, the company announced an annual dividend, which was paid on Wednesday, February 26th. Shareholders who were on record as of Monday, February 17th received a dividend of $0.08 per share. The ex-dividend date was set for Friday, February 14th, resulting in a yield of 0.5%. Inter & Co, Inc.'s payout ratio stands at 20.51%.

Institutional Trading of Inter & Co, Inc.

Several hedge funds have adjusted their stakes in Inter & Co, Inc. For instance, State Street Corp increased its holdings by 254.0% during the third quarter, owning now 3,339,841 shares valued at $22,243,000 after adding 2,396,448 shares. Additionally, Swedbank AB took up a new position valued at approximately $7,826,000 in the fourth quarter, while Fourth Sail Capital LP acquired shares worth around $9,313,000 in the third quarter. Geode Capital Management LLC also increased its holdings by 436.9%, acquiring an additional 1,361,258 shares. Currently, about 22.90% of the company's stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

In recent analyst reports, JPMorgan Chase & Co. lowered its price target for Inter & Co, Inc. from $7.20 to $7.10 while maintaining an "overweight" rating for the stock as of January 24th.

About Inter & Co, Inc.

Inter & Co, Inc. serves as a holding company that provides a range of financial products and services. Its operations are divided into several segments, including Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Others. The Banking division offers checking accounts, cards, deposits, loans, and other services via a mobile application.

Stocks, Investment, ShortInterest