Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Decreases By 41.2%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 32,688 shares, a decrease of 41.2% from the May 31st total of 55,609 shares. Based on an average daily volume of 84,535 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Localiza Rent a Car from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Localiza Rent a Car Stock Up 3.3%

LZRFY stock opened at $7.45 on Friday. Localiza Rent a Car has a twelve month low of $5.98 and a twelve month high of $11.76. The business’s 50-day moving average price is $8.55 and its 200-day moving average price is $9.00.

Localiza Rent a Car (OTCMKTS:LZRFY) last released its earnings results on Thursday, May 21st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations 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.