DLocal Limited (NASDAQ:DLO) Short Interest Down 21.5% in February

DLocal Limited (NASDAQ:DLO) was the target of a significant decline in short interest in 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 company are short sold. Based on an average trading volume of 1,260,000 shares, the days-to-cover ratio is presently 6.8 days.

Analysts Set New Price Targets

DLO has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Barclays reduced their price objective on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group upped their target price on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Susquehanna boosted their price objective on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $10.00 target price (down from $11.00) on shares of DLocal in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.94.

Hedge Funds Weigh In On DLocal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Azora Capital LP purchased a new position in DLocal in the fourth quarter valued at about $37,144,000. Baillie Gifford & Co. raised its holdings in DLocal by 108.5% in 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. Canada Pension Plan Investment Board bought a new stake in shares of DLocal in the 4th quarter worth about $25,099,000. J. Goldman & Co LP raised its stake in shares of DLocal by 175.5% in the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after purchasing an additional 860,681 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in DLocal by 82.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company’s stock valued at $11,125,000 after buying an additional 445,549 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Stock Up 3.5 %

Shares of DLO stock traded up $0.32 during trading hours on Wednesday, reaching $9.44. The company had a trading volume of 292,178 shares, compared to its average volume of 1,620,954. The company has a market capitalization of $2.79 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96. 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 twelve month low of $6.57 and a twelve month high of $16.79. The stock’s fifty day simple moving average is $11.68 and its 200 day simple moving average is $10.46.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. As a group, sell-side analysts expect that DLocal will post 0.47 earnings per share for the current fiscal 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.