Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Shares Shorted: Short Interest Down 44.5% in October

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 25,896 shares, a decrease of 44.5% from the September 30th total of 46,675 shares. Based on an average daily volume of 66,719 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Localiza Rent a Car Trading Down 4.0%

Shares of OTCMKTS:LZRFY traded down $0.22 on Friday, hitting $5.22. 56,176 shares of the company’s stock were exchanged, compared to its average volume of 55,369. The stock has a market capitalization of $5.53 billion and a price-to-earnings ratio of 8.70. Localiza Rent a Car has a 12 month low of $5.09 and a 12 month high of $11.76. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.23 and a quick ratio of 1.23. The business’s 50 day simple moving average is $8.07 and its two-hundred day simple moving average is $8.51.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Localiza Rent a Car from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Localiza Rent a Car

Localiza Rent a Car SA is a Brazilian mobility company that provides vehicle rental and fleet-management services. Its business serves individual customers, corporate clients and transportation partners through short-term rentals, monthly rental programs and other vehicle-use solutions.

The company also operates in the used-vehicle market through the sale of vehicles removed from its rental fleet. Its services are supported by a broad network of rental locations, including facilities at airports and in urban areas, as well as digital channels for reservations and customer service.

Founded in 1973 and headquartered in Belo Horizonte, Brazil, Localiza expanded its operations across Latin America.