The stock of Stoneco LTD. – Class Ahare (NASDAQ:STNE) registered an increase of 11.6% in short interest. STNE’s total short interest was 13.15M shares in December as published by FINRA. Its up 11.6% from 11.78M shares, reported previously. With 3.23 million shares average volume, it will take short sellers 4 days to cover their STNE’s short positions. The short interest to Stoneco LTD. – Class Ahare’s float is 15.03%.
The stock increased 0.47% or $0.18 during the last trading session, reaching $38.87. About 240,227 shares traded. StoneCo Ltd. (NASDAQ:STNE) has risen 80.43% since December 13, 2018 and is uptrending. It has outperformed by 80.43% the S&P500.
StoneCo Ltd. provides financial technology solutions that empower merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. The company has market cap of $11.00 billion. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors. It has a 206.76 P/E ratio. As of June 30, 2018, the firm served approximately 200,000 clients, which included digital, and brick-and-mortar merchants, primarily small-and-medium-sized businesses; and 95 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors.
StoneCo Ltd. (NASDAQ:STNE) Ratings Coverage
Among 6 analysts covering StoneCo Ltd. – Class A Common Share (NASDAQ:STNE), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. StoneCo Ltd. – Class A Common Share has $4200 highest and $3100 lowest target. $38.17’s average target is -1.80% below currents $38.87 stock price. StoneCo Ltd. – Class A Common Share had 9 analyst reports since June 28, 2019 according to SRatingsIntel. The stock of StoneCo Ltd. (NASDAQ:STNE) earned “Neutral” rating by JP Morgan on Thursday, August 29. The firm has “Buy” rating by Citigroup given on Wednesday, October 30. The stock of StoneCo Ltd. (NASDAQ:STNE) earned “Overweight” rating by Cantor Fitzgerald on Friday, November 22.
More notable recent StoneCo Ltd. (NASDAQ:STNE) news were published by: Globenewswire.com which released: “StoneCo Reports Third Quarter 2019 Financial Results Nasdaq:STNE – GlobeNewswire” on November 21, 2019, also Nasdaq.com with their article: “5 Important Earnings Charts – Nasdaq” published on November 19, 2019, Finance.Yahoo.com published: “Hedge Funds Have Never Been This Bullish On StoneCo Ltd. (STNE) – Yahoo Finance” on December 06, 2019. More interesting news about StoneCo Ltd. (NASDAQ:STNE) were released by: Seekingalpha.com and their article: “StoneCo +3.6% as Q4 soars, Guggenheim boosts price target – Seeking Alpha” published on November 22, 2019 as well as Fool.com‘s news article titled: “3 Top Fintech Stocks to Buy in November – Motley Fool” with publication date: November 22, 2019.
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