Nu Holdings Ltd. (NYSE:NU) Sees Significant Increase in Short Interest

Nu Holdings Ltd. (NYSE:NU - Get Free Report) was the target of a significant increase in short interest in 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. Currently, 5.4% of the shares of the stock are sold short. Based on an average trading volume of 49,250,000 shares, the days-to-cover ratio is currently 3.4 days.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays cut their price objective on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $15.47.

NU Trading Down 6.8 %

NU stock traded down $0.70 during trading on Friday, hitting $9.57. The company had a trading volume of 93,554,639 shares, compared to its average volume of 38,762,670. The firm has a 50-day moving average price of $11.87 and a 200-day moving average price of $12.60. NU has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14.

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NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, analysts predict that NU will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On NU

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baader Bank Aktiengesellschaft increased its holdings in shares of NU by 19.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after acquiring an additional 58,183 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in NU by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company's stock worth $17,819,000 after purchasing an additional 76,009 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in NU during the 3rd quarter worth approximately $69,022,000. Baillie Gifford & Co. lifted its stake in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after buying an additional 14,875,891 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of NU by 5.7% in the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock valued at $74,288,000 after buying an additional 271,903 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

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.