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

Nu Holdings Ltd. (NYSE:NU) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 91,862,429 shares, a drop of 15.7% from the January 29th total of 108,927,405 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 49,272,838 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 49,272,838 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.9% of the shares of the company are sold short.

NU Price Performance

Shares of NU stock traded down $0.20 during trading on Thursday, reaching $14.80. The company’s stock had a trading volume of 65,811,947 shares, compared to its average volume of 55,996,887. The stock has a 50-day moving average price of $17.04 and a two-hundred day moving average price of $16.19. The stock has a market capitalization of $71.32 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. NU has a one year low of $9.01 and a one year high of $18.98.

NU (NYSE:NU) last posted 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. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. As a group, sell-side analysts anticipate that NU will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. LOM Asset Management Ltd bought a new position in shares of NU in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd grew its holdings in NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the period. Cornerstone Planning Group LLC grew its holdings in NU by 5,448.3% during 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 during the period. Zions Bancorporation National Association UT bought a new stake in shares of NU during the 4th quarter valued at $27,000. Finally, Jordan Park Group LLC lifted its stake in shares of NU by 129.3% in 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 during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NU shares. UBS Group dropped their price objective on shares of NU from $18.40 to $17.20 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Susquehanna lifted their price objective on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.22.

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.