DLocal Limited (NASDAQ:DLO) Sees Large Drop in Short Interest

DLocal Limited (NASDAQ:DLO) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 8,560,000 shares, a decline of 21.5% from the February 13th total of 10,900,000 shares. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is presently 6.8 days. Approximately 13.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vident Advisory LLC increased its position in shares of DLocal by 6.3% in the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock worth $176,000 after acquiring an additional 929 shares in the last quarter. State of Wyoming boosted its position in DLocal by 12.3% during the 4th quarter. State of Wyoming now owns 28,240 shares of the company’s stock worth $318,000 after purchasing an additional 3,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in DLocal by 4.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company’s stock valued at $1,478,000 after purchasing an additional 5,853 shares in the last quarter. J. Goldman & Co LP increased its holdings in DLocal by 175.5% in the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after purchasing an additional 860,681 shares in the last quarter. Finally, Crestline Management LP raised its position in DLocal by 148.2% in the fourth quarter. Crestline Management LP now owns 134,903 shares of the company’s stock valued at $1,519,000 after purchasing an additional 80,551 shares during the period. 90.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLO has been the topic of several research reports. Susquehanna increased their price target on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and increased their target price for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Barclays cut their price target on DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. Finally, The Goldman Sachs Group boosted their target price on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, DLocal currently has a consensus rating of “Hold” and an average price target of $11.94.

DLocal Trading Down 3.2 %

Shares of NASDAQ DLO traded down $0.30 on Tuesday, reaching $9.12. 602,565 shares of the company traded hands, compared to its average volume of 1,626,058. The stock has a market capitalization of $2.70 billion, a PE ratio of 22.80, a P/E/G ratio of 3.09 and a beta of 0.96. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $16.79. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $11.68 and a 200 day moving average of $10.46.

DLocal (NASDAQ:DLO) last issued its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $204.49 million for the quarter, compared to analysts’ expectations of $204.98 million. On average, equities research analysts forecast that DLocal will post 0.47 earnings per share for the current fiscal year.

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.