Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Expands By 93.6%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 55,609 shares, an increase of 93.6% from the May 14th total of 28,729 shares. Based on an average daily volume of 48,182 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Localiza Rent a Car to a “hold” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Localiza Rent a Car Trading Up 2.7%

OTCMKTS LZRFY traded up $0.22 during trading hours on Friday, reaching $8.08. 12,813 shares of the company traded hands, compared to its average volume of 41,911. Localiza Rent a Car has a 12 month low of $5.98 and a 12 month high of $11.76. The company has a 50 day moving average of $9.22 and a two-hundred day moving average of $9.09.

Localiza Rent a Car (OTCMKTS:LZRFY) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.37 billion.

About Localiza Rent a Car

Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.