DLocal Limited (NASDAQ:DLO) Short Interest Update

DLocal Limited (NASDAQ:DLO - Get Free Report) saw a significant decline in short interest in 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. Currently, 16.4% of the company's stock are short sold. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is currently 8.3 days.

Wall Street Analyst Weigh In

A number of research analysts have commented on DLO shares. The Goldman Sachs Group boosted their price objective on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Susquehanna boosted their price objective on DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their price objective on DLocal from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $11.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DLO. Wells Fargo & Company MN raised its stake in DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after buying an additional 1,797 shares in the last quarter. Activest Wealth Management raised its stake in DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company's stock valued at $30,000 after buying an additional 2,656 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in DLocal during the fourth quarter valued at approximately $55,000. R Squared Ltd acquired a new stake in DLocal during the fourth quarter valued at approximately $82,000. Finally, Virtu Financial LLC acquired a new stake in DLocal during the fourth quarter valued at approximately $142,000. Institutional investors and hedge funds own 90.13% of the company's stock.

DLocal Stock Down 2.3 %

Shares of NASDAQ:DLO traded down $0.29 during trading on Friday, hitting $12.60. The company's stock had a trading volume of 2,502,299 shares, compared to its average volume of 941,991. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $18.27. The stock's 50-day moving average price is $12.19 and its two-hundred day moving average price is $10.21. The company has a market capitalization of $3.73 billion, a PE ratio of 31.49, a PEG ratio of 3.21 and a beta of 0.90.

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.