Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Sees Significant Decline in Short Interest

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 32,688 shares, a decrease of 41.2% from the May 31st total of 55,609 shares. Based on an average trading volume of 84,535 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

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

Localiza Rent a Car Price Performance

Shares of LZRFY stock traded up $0.49 during trading hours on Thursday, hitting $7.71. The stock had a trading volume of 5,326 shares, compared to its average volume of 40,481. The stock’s 50 day moving average is $8.62 and its 200 day moving average is $9.01. Localiza Rent a Car has a twelve month low of $5.98 and a twelve month high of $11.76.

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