Intercorp Financial (NYSE:IFS) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 55,200 shares, a growth of 13.6% from the January 15th total of 48,600 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 36,400 shares, the short-interest ratio is currently 1.5 days.
Separately, Zacks Investment Research raised Intercorp Financial from a “sell” rating to a “hold” rating in a report on Monday, January 20th.
IFS opened at $42.38 on Friday. Intercorp Financial has a 1 year low of $37.71 and a 1 year high of $47.46. The company’s 50 day moving average price is $41.74.
A number of institutional investors and hedge funds have recently bought and sold shares of IFS. Citigroup Inc. acquired a new position in Intercorp Financial in the fourth quarter worth about $101,000. Naples Global Advisors LLC grew its position in Intercorp Financial by 15.2% in the fourth quarter. Naples Global Advisors LLC now owns 6,070 shares of the company’s stock valued at $251,000 after acquiring an additional 800 shares during the period. Victory Capital Management Inc. raised its stake in Intercorp Financial by 7.7% during the fourth quarter. Victory Capital Management Inc. now owns 8,397 shares of the company’s stock worth $346,000 after acquiring an additional 597 shares in the last quarter. Acadian Asset Management LLC raised its stake in Intercorp Financial by 7.5% during the fourth quarter. Acadian Asset Management LLC now owns 10,576 shares of the company’s stock worth $436,000 after acquiring an additional 740 shares in the last quarter. Finally, Dean Capital Investments Management LLC bought a new position in shares of Intercorp Financial during the third quarter valued at $536,000.
Intercorp Financial Company Profile
Intercorp Financial Services, Inc is a holding company, which engages in the provision of financial services. Through its subsidiaries, it operates through the following business segments: Banking, Insurance, and Wealth Management. The Banking segment provides a range of retail banking and commercial banking products, and services to individuals, large companies, and small and medium enterprises.
Featured Article: How Do I Invest in Dividend Stocks
Receive News & Ratings for Intercorp Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercorp Financial and related companies with MarketBeat.com's FREE daily email newsletter.