Short Interest in DLocal Limited (NASDAQ:DLO) Grows By 15.9%

DLocal Limited (NASDAQ:DLO - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 7,060,000 shares, an increase of 15.9% from the March 31st total of 6,090,000 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is currently 6.5 days. Currently, 9.5% of the company's stock are short sold.

DLocal Stock Up 1.3 %

Shares of NASDAQ DLO traded up $0.19 during mid-day trading on Monday, reaching $14.55. 515,595 shares of the company traded hands, compared to its average volume of 1,057,150. The company's fifty day moving average is $15.94 and its two-hundred day moving average is $16.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. DLocal has a fifty-two week low of $9.04 and a fifty-two week high of $24.22. The stock has a market cap of $4.31 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 0.95 and a beta of 0.96.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Monday, March 18th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). DLocal had a net margin of 22.92% and a return on equity of 40.57%. The company had revenue of $188.01 million for the quarter, compared to analyst estimates of $169.85 million. On average, analysts expect that DLocal will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DLO shares. Susquehanna lowered their price objective on shares of DLocal from $24.00 to $21.00 and set a "positive" rating on the stock in a research report on Tuesday, March 19th. New Street Research raised shares of DLocal from a "neutral" rating to a "buy" rating and upped their price target for the stock from $18.00 to $24.00 in a research note on Tuesday, January 9th. JPMorgan Chase & Co. reduced their price objective on DLocal from $17.50 to $17.00 and set a "neutral" rating for the company in a research report on Monday, April 1st. HSBC dropped their target price on DLocal from $19.00 to $17.00 and set a "hold" rating on the stock in a research report on Friday, April 5th. Finally, Citigroup began coverage on DLocal in a report on Friday, April 19th. They set a "neutral" rating and a $17.00 price target for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, DLocal presently has a consensus rating of "Hold" and an average target price of $18.38.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fred Alger Management LLC lifted its holdings in shares of DLocal by 0.3% during the third quarter. Fred Alger Management LLC now owns 324,324 shares of the company's stock worth $6,217,000 after buying an additional 858 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in DLocal by 24.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company's stock valued at $78,000 after purchasing an additional 870 shares during the period. Citigroup Inc. grew its position in DLocal by 24.5% in the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company's stock worth $134,000 after purchasing an additional 1,378 shares during the last quarter. Renaissance Capital LLC increased its holdings in shares of DLocal by 3.0% during the 1st quarter. Renaissance Capital LLC now owns 60,039 shares of the company's stock worth $883,000 after purchasing an additional 1,743 shares during the period. Finally, Pearl River Capital LLC raised its position in shares of DLocal by 10.1% during the third quarter. Pearl River Capital LLC now owns 75,327 shares of the company's stock valued at $1,444,000 after buying an additional 6,900 shares during the last quarter. Institutional investors own 90.13% of the company's stock.

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.