Nu Holdings Ltd. (NYSE:NU) Short Interest Up 28.0% in February

Nu Holdings Ltd. (NYSE:NU) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 117,553,286 shares, an increase of 28.0% from the February 12th total of 91,862,429 shares. Based on an average daily trading volume, of 73,141,812 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.4% of the shares of the company are sold short. Currently, 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 73,141,812 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LOM Asset Management Ltd acquired a new stake in shares of NU during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after buying an additional 1,481 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in NU during the 4th quarter worth approximately $27,000. Finally, Jordan Park Group LLC increased its holdings in NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after purchasing an additional 1,104,421 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price objective on shares of NU in a report on Thursday, December 18th. Susquehanna upped their target price on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. UBS Group reduced their target price on NU from $18.40 to $17.20 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.22.

NU Price Performance

NU traded down $0.10 during midday trading on Friday, reaching $13.88. 55,083,869 shares of the company’s stock were exchanged, compared to its average volume of 64,781,608. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $16.71 and a two-hundred day simple moving average of $16.22. The firm has a market capitalization of $66.86 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. NU has a one year low of $9.01 and a one year high of $18.98.

NU (NYSE:NU) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. As a group, research analysts predict that NU will post 0.58 EPS for the current year.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.