DLocal Limited (NASDAQ:DLO) Sees Large Drop in Short Interest

DLocal Limited (NASDAQ:DLO) saw 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. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is currently 8.3 days. Approximately 16.4% of the shares of the company are sold short.

DLocal Trading Up 2.2 %

Shares of DLocal stock traded up $0.29 on Monday, hitting $13.39. 1,136,712 shares of the company’s stock traded hands, compared to its average volume of 684,225. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90. The company has a fifty day moving average of $12.07 and a two-hundred day moving average of $10.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. DLocal has a one year low of $6.57 and a one year high of $18.27.

Institutional Trading of DLocal

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in shares of DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after acquiring an additional 1,797 shares during the last quarter. Activest Wealth Management boosted its position in shares of 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 during the last quarter. Parvin Asset Management LLC bought a new stake in DLocal during the fourth quarter worth $55,000. R Squared Ltd bought a new position in DLocal during the 4th quarter valued at $82,000. Finally, Virtu Financial LLC bought a new stake in DLocal in the 4th quarter worth about $142,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Susquehanna lifted their price target on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Barclays raised their target price on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group raised 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. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.81.

About DLocal

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.