DLocal Limited (NASDAQ:DLO) Short Interest Down 8.7% in January

DLocal Limited (NASDAQ:DLO) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 10,250,000 shares, a decline of 8.7% from the January 15th total of 11,230,000 shares. Approximately 16.4% of the company’s shares are short sold. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is currently 8.3 days.

Analysts Set New Price Targets

DLO has been the subject of a number of analyst reports. Susquehanna boosted their price objective on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. The Goldman Sachs Group boosted their price objective on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Barclays boosted their price objective on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DLO. Vident Advisory LLC boosted its holdings in DLocal by 6.3% during the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock worth $176,000 after purchasing an additional 929 shares during the last quarter. Mariner LLC boosted its holdings in DLocal by 6.0% during the fourth quarter. Mariner LLC now owns 24,257 shares of the company’s stock worth $273,000 after purchasing an additional 1,365 shares during the last quarter. Lane Generational LLC boosted its holdings in DLocal by 0.4% during the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock worth $4,642,000 after purchasing an additional 1,717 shares during the last quarter. Wells Fargo & Company MN boosted its holdings 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 purchasing an additional 1,797 shares during the last quarter. Finally, Activest Wealth Management boosted its holdings in DLocal by 265,600.0% during the fourth 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 last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Up 2.3 %

Shares of DLocal stock traded up $0.31 on Tuesday, hitting $13.70. The company had a trading volume of 1,642,320 shares, compared to its average volume of 803,778. The firm has a market capitalization of $4.06 billion, a P/E ratio of 34.25, a P/E/G ratio of 3.17 and a beta of 0.90. DLocal has a twelve month low of $6.57 and a twelve month high of $18.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a 50-day moving average of $12.11 and a 200-day moving average of $10.12.

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.