DLocal Limited (NASDAQ:DLO) Sees Significant Decline in Short Interest

DLocal Limited (NASDAQ:DLO) saw a large decline in short interest during 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 short-interest ratio is currently 8.3 days. Approximately 16.4% of the company’s shares are sold short.

DLocal Stock Up 2.3 %

Shares of DLocal stock opened at $13.70 on Wednesday. The company has a fifty day moving average price of $12.11 and a 200 day moving average price of $10.12. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal has a twelve month low of $6.57 and a twelve month high of $18.27. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90.

Institutional Trading of DLocal

A number of institutional investors have recently added to or reduced their stakes in DLO. Wells Fargo & Company MN boosted its position in DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after purchasing an additional 1,797 shares during the period. Activest Wealth Management boosted its position in DLocal by 265,600.0% during the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after purchasing an additional 2,656 shares during the period. Parvin Asset Management LLC purchased a new stake in DLocal during the 4th quarter worth $55,000. R Squared Ltd purchased a new stake in DLocal during the 4th quarter worth $82,000. Finally, International Assets Investment Management LLC purchased a new stake in DLocal during the 3rd quarter worth $109,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DLO. Barclays boosted their price target on DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Susquehanna upped their price objective on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their price objective on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.