Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Expands By 93.6%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 55,609 shares, a growth of 93.6% from the May 14th total of 28,729 shares. Based on an average trading volume of 48,182 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Localiza Rent a Car to a “hold” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Localiza Rent a Car presently has a consensus rating of “Hold”.

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Localiza Rent a Car Price Performance

Shares of LZRFY stock traded up $0.22 on Friday, hitting $8.08. The stock had a trading volume of 12,813 shares, compared to its average volume of 41,911. The stock’s 50 day moving average is $9.22 and its 200-day moving average is $9.09. Localiza Rent a Car has a 52-week low of $5.98 and a 52-week high of $11.76.

Localiza Rent a Car (OTCMKTS:LZRFY – Get Free Report) last announced its earnings results on Thursday, May 21st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.37 billion.

About Localiza Rent a Car

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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.

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