Short Interest in DLocal Limited (NASDAQ:DLO) Decreases By 8.9%

DLocal Limited (NASDAQ:DLO) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 13,380,000 shares, a drop of 8.9% from the October 15th total of 14,690,000 shares. Approximately 21.4% of the company’s shares are sold short. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is currently 10.8 days.

DLocal Trading Up 6.9 %

Shares of DLocal stock traded up $0.68 on Monday, reaching $10.57. 2,054,594 shares of the company’s stock were exchanged, compared to its average volume of 1,608,804. The firm’s 50-day moving average is $8.74 and its two-hundred day moving average is $8.72. The company has a market capitalization of $3.13 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 4.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.54. DLocal has a 52 week low of $6.57 and a 52 week high of $19.45.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates 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 period last year, the company posted $0.16 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Sell-side analysts predict that DLocal will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its holdings in shares of DLocal by 180.8% in the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after acquiring an additional 175,116 shares during the last quarter. Fourth Sail Capital LP raised its stake in shares of DLocal by 60.8% in the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after purchasing an additional 906,561 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of DLocal in the second quarter valued at approximately $157,000. Sylebra Capital LLC purchased a new position in DLocal during the 2nd quarter worth $13,565,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in DLocal in the 2nd quarter worth about $226,000. Institutional investors own 90.13% of the company’s stock.

Analyst Ratings Changes

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

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.