Nu Holdings Ltd. (NYSE:NU) Short Interest Update

Nu Holdings Ltd. (NYSE:NU) saw a large growth in short interest in 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 presently 3.4 days. Currently, 5.4% of the company’s stock are sold short.

Institutional Investors Weigh In On NU

Hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its holdings in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. State Street Corp raised its stake in shares of NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares during the period. Norges Bank purchased a new position in shares of NU during the 4th quarter valued at approximately $447,762,000. Geode Capital Management LLC lifted its position in shares of NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company’s stock valued at $348,774,000 after buying an additional 1,179,748 shares in the last quarter. Finally, Northern Trust Corp grew its stake in NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company’s stock valued at $264,140,000 after acquiring an additional 7,930,598 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock traded up $0.21 during trading on Tuesday, hitting $10.45. 57,582,594 shares of the company’s stock were exchanged, compared to its average volume of 38,002,764. NU has a 52-week low of $9.67 and a 52-week 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 stock has a market capitalization of $49.78 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 0.48 and a beta of 1.14. The business has a 50-day simple moving average of $11.99 and a 200-day simple moving average of $12.69.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, research analysts forecast that NU will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. 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. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays lowered their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, NU has a consensus rating of “Hold” and a consensus target price of $15.47.

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.