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

DLocal Limited (NASDAQ:DLO) was the target of a large decline in short interest in 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. Currently, 13.7% of the shares of the company are short sold. Based on an average trading volume of 1,260,000 shares, the days-to-cover ratio is currently 6.8 days.

Analyst Ratings Changes

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

Institutional Trading of DLocal

A number of institutional investors have recently added to or reduced their stakes in the stock. Vident Advisory LLC lifted its position in shares of DLocal by 6.3% during the 4th quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock valued at $176,000 after acquiring an additional 929 shares during the period. State of Wyoming increased its stake in DLocal by 12.3% in the 4th quarter. State of Wyoming now owns 28,240 shares of the company’s stock valued at $318,000 after purchasing an additional 3,087 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in DLocal by 4.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company’s stock worth $1,478,000 after purchasing an additional 5,853 shares during the last quarter. J. Goldman & Co LP boosted its position in DLocal by 175.5% during the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock worth $15,214,000 after purchasing an additional 860,681 shares in the last quarter. Finally, Crestline Management LP grew its holdings 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 last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Stock Performance

Shares of DLO stock traded down $0.30 during trading hours on Tuesday, reaching $9.12. 602,565 shares of the company’s stock were exchanged, compared to its average volume of 1,626,058. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. DLocal has a 1 year low of $6.57 and a 1 year high of $16.79. The company has a market cap of $2.70 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96. The company’s 50 day moving average is $11.68 and its two-hundred day moving average is $10.46.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $204.98 million. Equities research analysts anticipate that DLocal will post 0.47 EPS 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.