DLocal Limited (DLO) Misses Q3 EPS by 1c, Revenue Beats
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DLocal Limited (DLO) plunges following Muddy Waters short report
November 16, 2022 1:34 PM ESTInvestment 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
