Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Sees Large Drop in Short Interest

Localiza Rent a Car S.A. (OTCMKTS:LZRFYGet Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 70 shares, a drop of 99.5% from the July 15th total of 13,203 shares. Based on an average daily trading volume, of 44,442 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Localiza Rent a Car from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on Localiza Rent a Car

Localiza Rent a Car Price Performance

LZRFY stock traded down $0.51 during trading on Tuesday, hitting $6.66. 20,925 shares of the company’s stock traded hands, compared to its average volume of 19,469. Localiza Rent a Car has a 52 week low of $5.98 and a 52 week 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 has a fifty day simple moving average of $7.65 and a 200 day simple moving average of $8.79.

Localiza Rent a Car (OTCMKTS:LZRFYGet Free Report) last posted its earnings results on Thursday, May 21st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm 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%. On average, equities analysts forecast that Localiza Rent a Car will post 0.8 EPS for the current year.

Localiza Rent a Car Company Profile

(Get Free Report)

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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