dLocal Limited Reports 2022 Third Quarter Financial Results

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Go back to dLocal Limited Reports 2022 Third Quarter Financial Results

DLocal Limited (DLO) plunges following Muddy Waters short report

November 16, 2022 1:34 PM EST

Investment research firm Muddy Waters Capital said it is short DLocal Limited (NASDAQ: DLO), a fast-growing payments company based in Uruguay.

DLocal shares plunged more than 25% following the report.

The company, which the short-selling firm said was spun out of a high-risk processing business, has reported strong growth and profitability "that makes it... More