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

Nu Holdings Ltd. (NYSE:NU) was the target of 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 trading volume of 49,250,000 shares, the short-interest ratio is currently 3.4 days. Currently, 5.4% of the shares of the stock are short sold.

NU Price Performance

Shares of NU opened at $10.58 on Thursday. 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 $50.42 billion, a PE ratio of 26.45, a PEG ratio of 0.48 and a beta of 1.14. NU has a 12-month low of $9.67 and a 12-month high of $16.15. The business has a 50-day simple moving average of $11.96 and a two-hundred day simple moving average of $12.67.

NU (NYSE:NU) last released 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 company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Analysts anticipate that NU will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Several large investors have recently modified their holdings of NU. LRI Investments LLC increased its holdings in NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after purchasing an additional 743 shares during the period. OneAscent Wealth Management LLC grew its position in shares of NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock valued at $129,000 after buying an additional 760 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after buying an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of NU by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. lifted its stake in shares of NU by 2.0% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NU. UBS Group lowered their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Barclays lowered their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced 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. One investment 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 data from MarketBeat, NU has an average rating of “Hold” and an average target price of $15.47.

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.