Short Interest in PagSeguro Digital Ltd. (NYSE:PAGS) Drops By 13.2%

PagSeguro Digital Ltd. (NYSE:PAGS) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 17,309,545 shares, a decline of 13.2% from the January 29th total of 19,943,690 shares. Based on an average daily volume of 4,412,735 shares, the days-to-cover ratio is currently 3.9 days. Currently, 5.3% of the shares of the stock are sold short. Currently, 5.3% of the shares of the stock are sold short. Based on an average daily volume of 4,412,735 shares, the days-to-cover ratio is currently 3.9 days.

Wall Street Analysts Forecast Growth

PAGS has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Finally, Susquehanna upped their price objective on PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, November 14th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.86.

PagSeguro Digital Trading Up 3.3%

PAGS stock traded up $0.34 during midday trading on Wednesday, hitting $10.35. The company had a trading volume of 1,325,262 shares, compared to its average volume of 4,000,007. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.44 and a beta of 1.38. PagSeguro Digital has a 52 week low of $7.16 and a 52 week high of $12.32. The stock’s 50 day moving average price is $10.56 and its 200 day moving average price is $9.90.

PagSeguro Digital Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, January 28th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio is 10.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. CWM LLC increased its stake in shares of PagSeguro Digital by 78.1% during the second quarter. CWM LLC now owns 4,073 shares of the company’s stock valued at $39,000 after buying an additional 1,786 shares during the period. Caitong International Asset Management Co. Ltd increased its position in PagSeguro Digital by 77.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after purchasing an additional 1,821 shares during the period. GAMMA Investing LLC raised its holdings in PagSeguro Digital by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after purchasing an additional 1,249 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in PagSeguro Digital in the 4th quarter worth $45,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of PagSeguro Digital during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.