Short Interest in DLocal Limited (NASDAQ:DLO) Rises By 15.9%

DLocal Limited (NASDAQ:DLO) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 7,060,000 shares, an increase of 15.9% from the March 31st total of 6,090,000 shares. Approximately 9.5% of the shares of the company are sold short. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is currently 6.5 days.

Institutional Trading of DLocal

Large investors have recently modified their holdings of the company. Zevenbergen Capital Investments LLC bought a new stake in DLocal during the 3rd quarter valued at approximately $15,093,000. Fox Run Management L.L.C. lifted its stake in DLocal by 61.8% in the third quarter. Fox Run Management L.L.C. now owns 47,760 shares of the company’s stock worth $916,000 after purchasing an additional 18,242 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in DLocal in the 3rd quarter valued at $363,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in DLocal in the third quarter worth $67,000. Finally, Mirabella Financial Services LLP bought a new stake in shares of DLocal during the third quarter worth $274,000. Institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DLO shares. Susquehanna decreased their target price on shares of DLocal from $24.00 to $21.00 and set a “positive” rating on the stock in a research report on Tuesday, March 19th. Barclays reduced their price target on shares of DLocal from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of DLocal from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. HSBC dropped their target price on shares of DLocal from $19.00 to $17.00 and set a “hold” rating for the company in a report on Friday, April 5th. Finally, Citigroup began coverage on DLocal in a research report on Friday, April 19th. They set a “neutral” rating and a $17.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.38.

DLocal Trading Up 1.3 %

Shares of DLO traded up $0.19 during mid-day trading on Monday, hitting $14.55. 515,595 shares of the company’s stock traded hands, compared to its average volume of 1,057,150. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. DLocal has a 1 year low of $9.04 and a 1 year high of $24.22. The firm has a market capitalization of $4.31 billion, a P/E ratio of 29.53, a PEG ratio of 0.95 and a beta of 0.96. The business’s 50-day moving average price is $15.97 and its 200-day moving average price is $16.95.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). DLocal had a return on equity of 40.57% and a net margin of 22.92%. The business had revenue of $188.01 million during the quarter, compared to analysts’ expectations of $169.85 million. As a group, sell-side analysts forecast that DLocal will post 0.59 EPS for the current fiscal 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.