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 the month of 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 daily volume of 1,240,000 shares, the short-interest ratio is currently 10.8 days.

Analysts Set New Price Targets

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

DLocal Stock Performance

DLO traded up $0.68 during trading on Monday, hitting $10.57. The stock had a trading volume of 2,054,594 shares, compared to its average volume of 1,608,804. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.50. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 4.58 and a beta of 0.74. The company has a 50 day moving average price of $8.74 and a 200-day moving average price of $8.72. DLocal has a one year low of $6.57 and a one year high of $19.45.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts predict that DLocal will post 0.47 EPS for the current year.

Institutional Investors Weigh In On DLocal

A number of large investors have recently added to or reduced their stakes in DLO. Quarry LP increased its holdings in DLocal by 1,124.7% in the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after buying an additional 3,599 shares during the period. International Assets Investment Management LLC acquired a new position in DLocal during the third quarter valued at approximately $109,000. Ridgewood Investments LLC lifted its stake in DLocal by 31.8% during the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after purchasing an additional 3,293 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in DLocal during the first quarter worth $218,000. Finally, Krane Funds Advisors LLC acquired a new stake in shares of DLocal in the 2nd quarter valued at $122,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.