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

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after acquiring an additional 1,797 shares during the period. Activest Wealth Management increased its holdings in shares of DLocal by 265,600.0% during the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after purchasing an additional 2,656 shares during the period. Parvin Asset Management LLC acquired a new position in shares of DLocal during the fourth quarter valued at about $55,000. R Squared Ltd bought a new stake in shares of DLocal in the fourth quarter valued at about $82,000. Finally, Virtu Financial LLC bought a new stake in shares of DLocal in the fourth quarter valued at about $142,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Stock Up 3.5 %

Shares of NASDAQ DLO traded up $0.32 during mid-day trading on Wednesday, reaching $9.44. 292,178 shares of the company traded hands, compared to its average volume of 1,620,954. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $16.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The company’s fifty day moving average is $11.68 and its two-hundred day moving average is $10.46. The stock has a market cap of $2.79 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96.

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

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.