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

Nu Holdings Ltd. (NYSE:NU - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 111,050,000 shares, a decrease of 15.4% from the April 30th total of 131,320,000 shares. Based on an average trading volume of 60,300,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 3.3% of the company's stock are sold short.

Institutional Investors Weigh In On NU

Hedge funds and other institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. increased its position in shares of 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 last quarter. Barclays PLC increased its position in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after purchasing an additional 359,733 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of NU by 131.7% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 37,992 shares of the company's stock worth $394,000 after purchasing an additional 21,592 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of NU in the 4th quarter worth about $441,000. Finally, Cetera Investment Advisers increased its position in shares of NU by 6.0% in the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after purchasing an additional 10,955 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. UBS Group reduced their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, Susquehanna increased their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.13.

NU Trading Up 1.3%

Shares of NU traded up $0.16 during mid-day trading on Thursday, reaching $12.10. The company had a trading volume of 51,091,677 shares, compared to its average volume of 44,148,269. The stock has a market cap of $58.28 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 0.48 and a beta of 1.04. The firm has a fifty day simple moving average of $11.67 and a 200-day simple moving average of $11.80. NU has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the firm earned $0.09 EPS. On average, sell-side analysts anticipate that NU will post 0.58 EPS for the current fiscal year.

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.