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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 10,691 shares, a growth of 103.7% from the November 30th total of 5,249 shares. Based on an average daily trading volume, of 31,076 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 31,076 shares, the days-to-cover ratio is presently 0.3 days.

Localiza Rent a Car Trading Down 8.5%

Shares of Localiza Rent a Car stock traded down $0.85 on Friday, hitting $9.15. 2,054 shares of the company traded hands, compared to its average volume of 24,773. Localiza Rent a Car has a 52 week low of $4.50 and a 52 week high of $10.10. The business has a 50-day simple moving average of $8.13 and a 200 day simple moving average of $7.36.

Localiza Rent a Car Increases Dividend

The business also recently declared a dividend, which was paid on Friday, November 28th. Investors of record on Monday, October 6th were issued a dividend of $0.0821 per share. This represents a yield of 353.0%. The ex-dividend date was Friday, October 3rd. This is a boost from Localiza Rent a Car’s previous dividend of $0.08. Localiza Rent a Car’s payout ratio is currently 13.86%.

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.