Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Stock Short Interest Falls 92.0%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 2,063 shares, a drop of 92.0% from the October 15th total of 25,896 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 149,362 shares, the days-to-cover ratio is presently 0.0 days.

Localiza Rent a Car Stock Down 8.1%

Localiza Rent a Car stock traded down $0.47 during mid-day trading on Tuesday, hitting $5.32. The company’s stock had a trading volume of 48,098 shares, compared to its average volume of 46,552. 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 company has a market cap of $5.64 billion and a PE ratio of 8.87. Localiza Rent a Car has a 52-week low of $4.95 and a 52-week high of $11.76. The firm’s 50 day moving average is $7.90 and its 200 day moving average is $8.42.

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 report on Wednesday, October 14th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Localiza Rent a Car

Localiza Rent a Car S.A. is a Brazil-based mobility company that provides vehicle rental and transportation-related services through the Localiza brand. Its core business includes short-term car rentals for individual, business, and leisure customers, supported by a broad network of rental locations serving major airports, cities, and travel destinations. The company also operates in fleet management and long-term vehicle rentals, providing vehicles and related services to corporate customers. Through Localiza Seminovos, it sells previously rented vehicles and other used cars.