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

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

Wall Street Analysts Forecast Growth

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

DLocal Price Performance

NASDAQ:DLO traded up $0.47 on Tuesday, reaching $11.04. The stock had a trading volume of 911,573 shares, compared to its average volume of 1,604,619. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.27 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.74. DLocal has a 1-year low of $6.57 and a 1-year high of $19.45. The stock has a fifty day moving average price of $8.74 and a 200-day moving average price of $8.72.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quarry LP grew its holdings in DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after acquiring an additional 3,599 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of DLocal during the third quarter valued at approximately $109,000. Ridgewood Investments LLC increased its holdings in shares of DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after purchasing an additional 3,293 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of DLocal in the second quarter valued at approximately $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in DLocal by 24.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after purchasing an additional 3,101 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

DLocal Company Profile

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.