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DLocal's stock surged 8.8% to $9.38 after analysts upgraded its rating and short interest fell.
DLocal, a payment processing company, saw its stock rise by 8.8% on Monday, reaching $9.38 per share.
Analysts from Goldman Sachs and JPMorgan recently upgraded the company's rating, with JPMorgan setting a new target price of $18.00.
DLocal's recent earnings report met analysts' expectations, with a quarterly EPS of $0.15.
The stock is expected to report 0.47 EPS for the year.
Short interest in DLocal significantly dropped by 21.5% in February.
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Las acciones de DLocal aumentaron un 8,8% a $9.38 después de que los analistas mejoraran su calificación y el interés corto cayera.