DLO - DLocal drops 50% after new short call from Muddy Waters (update)

Update 4:10pm : Updates with closing share price.

• Uruguayan payment services provider DLocal Ltd. ( NASDAQ: DLO ) plunged more than 50% amid a new short report from Muddy Waters Research.
• Muddy Waters said it has concerns with the company's disclosures, according to the report. Muddy Waters is short DLocal ( DLO ).
• DLocal ( DLO ) has short interest of 9.6%.
• DLocal ( DLO ) didn't immediately return Seeking Alpha email request for comment.
• The payments provider reported Q3 results on Monday.

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