Localiza Rent a Car S.A. (OTCMKTS:LZRFY – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 3,351 shares, a growth of 4,687.1% from the July 30th total of 70 shares. Based on an average trading volume of 42,293 shares, the days-to-cover ratio is currently 0.1 days.
Localiza Rent a Car Stock Performance
Shares of LZRFY traded up $0.14 during midday trading on Tuesday, reaching $6.80. 86,678 shares of the stock were exchanged, compared to its average volume of 40,868. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.48. Localiza Rent a Car has a 12-month low of $6.10 and a 12-month high of $11.76. The firm has a 50 day simple moving average of $7.36 and a 200-day simple moving average of $8.61.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered 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 data from MarketBeat.com, Localiza Rent a Car currently has an average rating of “Sell”.
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.
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