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

Localiza Rent a Car S.A. (OTCMKTS:LZRFYGet Free Report) was the target of a significant decline in short interest during the month of 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 trading volume of 64,639 shares, the days-to-cover ratio is currently 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 research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Check Out Our Latest Analysis on LZRFY

Localiza Rent a Car Price Performance

Shares of Localiza Rent a Car stock traded down $0.01 during trading hours on Wednesday, reaching $7.95. The company had a trading volume of 12,857 shares, compared to its average volume of 40,436. The business has a fifty day simple moving average of $8.26 and a 200 day simple moving average of $8.96. Localiza Rent a Car has a one year low of $5.98 and a one year high of $11.76.

Localiza Rent a Car (OTCMKTS:LZRFYGet Free Report) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion.

About Localiza Rent a Car

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Localiza Rent a Car Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Localiza Rent a Car and related companies with MarketBeat.com's FREE daily email newsletter.