Short Interest in DLocal Limited (NASDAQ:DLO) Decreases By 8.9%

DLocal Limited (NASDAQ:DLO) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 13,380,000 shares, a decline of 8.9% from the October 15th total of 14,690,000 shares. Approximately 21.4% of the company’s shares are sold short. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is presently 10.8 days.

DLocal Stock Performance

Shares of DLO traded up $0.28 during mid-day trading on Tuesday, hitting $10.85. The company’s stock had a trading volume of 444,206 shares, compared to its average volume of 1,603,615. The stock’s 50-day moving average is $8.74 and its two-hundred day moving average is $8.72. The firm has a market capitalization of $3.21 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal has a one year low of $6.57 and a one year high of $19.45.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. As a group, sell-side analysts anticipate that DLocal will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DLO. Sei Investments Co. increased its holdings in DLocal by 7.8% in the 1st quarter. Sei Investments Co. now owns 206,348 shares of the company’s stock valued at $3,033,000 after buying an additional 14,864 shares during the period. Consolidated Press International Holdings Ltd boosted its position in shares of DLocal by 5.8% during the 1st quarter. Consolidated Press International Holdings Ltd now owns 266,093 shares of the company’s stock valued at $3,912,000 after acquiring an additional 14,499 shares in the last quarter. Absolute Gestao de Investimentos Ltda. bought a new stake in DLocal in the first quarter valued at about $9,949,000. B. Riley Wealth Advisors Inc. bought a new position in DLocal during the first quarter worth about $218,000. Finally, Artal Group S.A. lifted its stake in DLocal by 50.0% during the first quarter. Artal Group S.A. now owns 30,000 shares of the company’s stock worth $441,000 after purchasing an additional 10,000 shares during the period. 90.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DLO. Barclays increased their target price on DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday. Bank of America increased their price objective on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Finally, Susquehanna reduced their price target on DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.61.

About DLocal

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.