Nu Holdings Ltd. (NYSE:NU) Sees Large Growth in Short Interest

Nu Holdings Ltd. (NYSE:NU) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 169,240,000 shares, a growth of 24.4% from the February 28th total of 136,000,000 shares. Based on an average daily trading volume, of 49,250,000 shares, the short-interest ratio is currently 3.4 days. Approximately 5.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

NU has been the subject of a number of research reports. Barclays decreased their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.47.

Institutional Trading of NU

Several hedge funds have recently added to or reduced their stakes in the business. Piscataqua Savings Bank increased its holdings in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock valued at $39,000 after acquiring an additional 1,295 shares during the period. Orion Capital Management LLC acquired a new position in NU in the fourth quarter worth about $50,000. TD Waterhouse Canada Inc. lifted its stake in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after purchasing an additional 3,215 shares during the period. Finally, Campbell Capital Management Inc. acquired a new stake in NU during the fourth quarter valued at approximately $52,000. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 1.4 %

Shares of NU stock traded up $0.15 during trading on Wednesday, hitting $10.58. 55,875,937 shares of the company were exchanged, compared to its average volume of 38,153,835. NU has a twelve month low of $9.67 and a twelve month high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $50.42 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 0.48 and a beta of 1.14. The business’s 50-day simple moving average is $11.96 and its 200 day simple moving average is $12.67.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, analysts forecast that NU will post 0.58 EPS for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.