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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 55,609 shares, a growth of 93.6% from the May 14th total of 28,729 shares. Based on an average daily volume of 48,182 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

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

Localiza Rent a Car Trading Up 0.1%

LZRFY stock traded up $0.01 during midday trading on Tuesday, hitting $8.08. 2,000 shares of the company traded hands, compared to its average volume of 41,651. Localiza Rent a Car has a twelve month low of $5.98 and a twelve month high of $11.76. The business has a 50 day simple moving average of $9.19 and a 200-day simple moving average of $9.09.

Localiza Rent a Car (OTCMKTS:LZRFY) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates 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.