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

Nu Holdings Ltd. (NYSE:NU) saw a large 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. Currently, 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 73,141,812 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 73,141,812 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.4% of the company’s shares are sold short.

Hedge Funds Weigh In On NU

Several large investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new position in shares of NU in the second quarter valued at approximately $39,848,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in NU by 14.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock worth $219,259,000 after buying an additional 1,703,787 shares in the last quarter. Washington University lifted its holdings in NU by 1.5% during the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after buying an additional 158,731 shares in the last quarter. Mawer Investment Management Ltd. purchased a new position in NU in the 3rd quarter valued at approximately $10,829,000. Finally, WCM Investment Management LLC boosted its position in NU by 0.9% in the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after buying an additional 659,526 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Up 2.6%

Shares of NU stock traded up $0.36 during trading hours on Monday, hitting $14.25. The company’s stock had a trading volume of 46,666,526 shares, compared to its average volume of 64,781,608. The stock has a market cap of $68.64 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 0.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. NU has a twelve month low of $9.01 and a twelve month high of $18.98. The firm has a fifty day moving average of $16.64 and a 200-day moving average of $16.23.

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

Analyst Ratings Changes

Several research analysts have recently commented on NU shares. Susquehanna lifted their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, February 24th. Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 target price on shares of NU in a report on Thursday, December 18th. Finally, UBS Group dropped their price target on shares of NU from $18.40 to $17.20 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.22.

NU Company Profile

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.