Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Short Interest Down 99.5% in July

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 70 shares, a decrease of 99.5% from the July 15th total of 13,203 shares. Based on an average trading volume of 44,442 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Localiza Rent a Car from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Localiza Rent a Car Price Performance

Shares of OTCMKTS:LZRFY traded down $0.51 during midday trading on Tuesday, reaching $6.66. 20,925 shares of the company were exchanged, compared to its average volume of 19,469. The business’s fifty day moving average is $7.65 and its two-hundred day moving average is $8.79. Localiza Rent a Car has a one year low of $5.98 and a one year 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.

Localiza Rent a Car (OTCMKTS:LZRFY) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.37 billion. Localiza Rent a Car had a net margin of 5.24% and a return on equity of 9.08%. Equities analysts expect that Localiza Rent a Car will post 0.8 EPS for the current year.

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.