Nu Holdings Ltd. (NYSE:NU) Short Interest Up 24.4% in March

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

Hedge Funds Weigh In On NU

Hedge funds have recently bought and sold shares of the business. Piscataqua Savings Bank grew its position in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock worth $39,000 after buying an additional 1,295 shares in the last quarter. Orion Capital Management LLC bought a new position in NU during the 4th quarter worth $50,000. TD Waterhouse Canada Inc. raised its holdings in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after acquiring an additional 3,215 shares in the last quarter. Finally, Campbell Capital Management Inc. bought a new stake in shares of NU during the 4th quarter valued at $52,000. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

NU Price Performance

NU stock opened at $10.58 on Thursday. The company has a market capitalization of $50.42 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a 12 month low of $9.67 and a 12 month high of $16.15. The stock’s 50 day moving average is $11.96 and its 200-day moving average is $12.67.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.17 billion. Equities research analysts expect that NU will post 0.58 EPS for the current year.

About NU

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.