DLocal Limited (NASDAQ:DLO) Short Interest Up 15.9% in April

DLocal Limited (NASDAQ:DLO) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 7,060,000 shares, a growth of 15.9% from the March 31st total of 6,090,000 shares. Approximately 9.5% of the shares of the company are short sold. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 6.5 days.

Institutional Investors Weigh In On DLocal

Large investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of DLocal in the third quarter valued at about $67,000. Citigroup Inc. increased 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 buying an additional 1,378 shares during the period. Ridgewood Investments LLC acquired a new position in shares of DLocal during the first quarter worth approximately $152,000. OneAscent Wealth Management LLC bought a new stake in shares of DLocal in the fourth quarter valued at approximately $185,000. Finally, Newfoundland Capital Management bought a new stake in shares of DLocal in the fourth quarter valued at approximately $212,000. Institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

NASDAQ DLO traded up $0.19 on Monday, reaching $14.55. The company’s stock had a trading volume of 515,595 shares, compared to its average volume of 1,057,150. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $4.31 billion, a PE ratio of 29.53, a PEG ratio of 0.95 and a beta of 0.96. DLocal has a twelve month low of $9.04 and a twelve month high of $24.22. The firm’s 50 day moving average is $15.97 and its two-hundred day moving average is $16.95.

DLocal (NASDAQ:DLO) last posted its 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). The business had revenue of $188.01 million for the quarter, compared to analyst estimates of $169.85 million. DLocal had a return on equity of 40.57% and a net margin of 22.92%. As a group, sell-side analysts predict that DLocal will post 0.59 EPS for the current year.

Analysts Set New Price Targets

DLO has been the topic of a number of analyst reports. Citigroup began coverage on shares of DLocal in a report on Friday, April 19th. They issued a “neutral” rating and a $17.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on DLocal from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. The Goldman Sachs Group reduced their price objective on shares of DLocal from $21.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, March 20th. Susquehanna lowered their target price on shares of DLocal from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, March 19th. Finally, Barclays reduced their price target on shares of DLocal from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.38.

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.