Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Short Interest Update

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 3,351 shares, a growth of 4,687.1% from the July 30th total of 70 shares. Based on an average daily volume of 42,293 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Localiza Rent a Car from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Localiza Rent a Car Price Performance

Shares of OTCMKTS:LZRFY traded up $0.14 during mid-day trading on Tuesday, reaching $6.80. The stock had a trading volume of 86,678 shares, compared to its average volume of 40,868. Localiza Rent a Car has a twelve month low of $6.10 and a twelve month high of $11.76. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a 50 day simple moving average of $7.36 and a two-hundred day simple moving average of $8.61.

Localiza Rent a Car Company Profile

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.