Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Decreases By 71.9%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 19,323 shares, a decline of 71.9% from the April 15th total of 68,814 shares. Based on an average daily trading volume, of 174,938 shares, the days-to-cover ratio is currently 0.1 days.

Localiza Rent a Car Trading Down 4.5%

Shares of Localiza Rent a Car stock traded down $0.43 during trading on Wednesday, reaching $9.10. The company’s stock had a trading volume of 9,634 shares, compared to its average volume of 43,936. The business’s fifty day moving average price is $9.49 and its 200-day moving average price is $8.98. Localiza Rent a Car has a one year low of $5.98 and a one year high of $11.76.

Wall Street Analysts Forecast Growth

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

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.