Inter & Co, Inc. (NASDAQ:INTR) Short Interest Down 12.9% in October

Inter & Co, Inc. (NASDAQ:INTR) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 5,270,000 shares, a decrease of 12.9% from the October 15th total of 6,050,000 shares. Currently, 2.6% of the shares of the stock are sold short. Based on an average daily volume of 2,020,000 shares, the short-interest ratio is presently 2.6 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Samlyn Capital LLC grew its position in shares of Inter & Co, Inc. by 4.1% in the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after buying an additional 196,355 shares during the last quarter. Millennium Management LLC boosted its holdings in Inter & Co, Inc. by 70.7% in the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock valued at $27,751,000 after acquiring an additional 1,868,527 shares during the last quarter. State Street Corp increased its position in Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock valued at $22,243,000 after purchasing an additional 2,396,448 shares during the period. Marshall Wace LLP raised its holdings in Inter & Co, Inc. by 152.9% during the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock worth $14,203,000 after purchasing an additional 1,396,317 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Inter & Co, Inc. by 436.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after purchasing an additional 1,361,258 shares during the last quarter. 22.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INTR has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $7.50 to $8.50 in a research note on Wednesday, October 9th. UBS Group boosted their price objective on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $7.56.

Inter & Co, Inc. Trading Up 0.7 %

Shares of INTR stock traded up $0.04 during trading hours on Monday, hitting $6.03. 1,129,748 shares of the company’s stock traded hands, compared to its average volume of 1,414,408. The stock has a market cap of $2.62 billion, a PE ratio of 17.09 and a beta of 1.52. The stock’s 50 day simple moving average is $6.60 and its 200 day simple moving average is $6.51. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 12 month low of $4.32 and a 12 month high of $7.84.

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.