Localiza Rent a Car S.A. (OTCMKTS:LZRFY – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,676 shares, a decrease of 65.0% from the August 31st total of 4,789 shares. Based on an average daily trading volume, of 53,244 shares, the short-interest ratio is currently 0.0 days.
Localiza Rent a Car Price Performance
Localiza Rent a Car stock traded down $0.04 during midday trading on Tuesday, reaching $7.65. 6,961 shares of the company’s stock were exchanged, compared to its average volume of 42,892. Localiza Rent a Car has a 52 week low of $6.10 and a 52 week high of $11.76. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.48. The stock’s 50-day simple moving average is $7.07 and its 200 day simple moving average is $8.15.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of Localiza Rent a Car from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
About Localiza Rent a Car
Localiza Rent a Car SA is a Brazilian mobility company that provides vehicle rental and fleet-management services. Through the Localiza brand, it offers short-term car rentals for leisure and business travelers, as well as longer-term vehicle leasing and fleet outsourcing for corporate customers.
The company also operates in the used-vehicle market, selling vehicles removed from its rental and fleet-management operations through its used-car business. Its services are supported by a broad network of rental locations, including facilities at airports and in urban areas.
Founded in 1973 and headquartered in Belo Horizonte, Brazil, Localiza has expanded beyond its domestic market to serve customers in other Latin American countries.
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