DLocal Limited (NASDAQ:DLO) Sees Significant Decline in Short Interest

DLocal Limited (NASDAQ:DLO - Get Free Report) was the recipient of a significant decline in short interest during 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 stock are short sold. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is currently 6.8 days.

Institutional Investors Weigh In On DLocal

Hedge funds and other institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in shares of DLocal by 108.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock valued at $29,428,000 after acquiring an additional 1,360,183 shares in the last quarter. PEAK6 Investments LLC bought a new stake in shares of DLocal during the third quarter valued at approximately $488,000. JPMorgan Chase & Co. increased its holdings in shares of DLocal by 132.0% during the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company's stock valued at $3,946,000 after acquiring an additional 280,607 shares in the last quarter. Centiva Capital LP increased its holdings in shares of DLocal by 317.8% during the third quarter. Centiva Capital LP now owns 94,512 shares of the company's stock valued at $756,000 after acquiring an additional 71,892 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of DLocal during the fourth quarter valued at approximately $300,000. Institutional investors own 90.13% of the company's stock.

Analysts Set New Price Targets

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

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DLocal Trading Up 0.9 %

DLO traded up $0.08 during trading on Friday, hitting $9.44. The company's stock had a trading volume of 91,208 shares, compared to its average volume of 1,580,996. DLocal has a twelve month low of $6.57 and a twelve month high of $16.79. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average price is $11.60 and its 200-day moving average price is $10.44. The firm has a market capitalization of $2.79 billion, a P/E ratio of 23.55, a PEG ratio of 3.09 and a beta of 0.96.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $204.98 million. Analysts anticipate that DLocal will post 0.47 EPS 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.