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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 15,034 shares, a decline of 54.0% from the June 15th total of 32,688 shares. Based on an average daily volume of 64,639 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Localiza Rent a Car Trading Down 1.7%

Shares of LZRFY traded down $0.14 during trading hours on Tuesday, hitting $7.86. The company had a trading volume of 41,070 shares, compared to its average volume of 40,278. Localiza Rent a Car has a one year low of $5.98 and a one year high of $11.76. The company’s fifty day moving average price is $8.29 and its two-hundred day moving average price is $8.98.

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

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.