Localiza Rent a Car S.A. (OTCMKTS:LZRFY – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 25,896 shares, a drop of 44.5% from the September 30th total of 46,675 shares. Based on an average daily volume of 66,719 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of Localiza Rent a Car from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Localiza Rent a Car presently has a consensus rating of “Hold”.
View Our Latest Report on LZRFY
Localiza Rent a Car Stock Performance
Shares of OTCMKTS:LZRFY traded down $0.22 on Friday, hitting $5.22. 56,176 shares of the company were exchanged, compared to its average volume of 55,369. The firm has a market capitalization of $5.53 billion and a P/E ratio of 8.70. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.48. Localiza Rent a Car has a 1-year low of $5.09 and a 1-year high of $11.76. The stock’s 50 day moving average price is $8.07 and its 200 day moving average price is $8.51.
About Localiza Rent a Car
Localiza Rent a Car SA is a Brazilian mobility company that provides vehicle rental and fleet-management services. Its business serves individual customers, corporate clients and transportation partners through short-term rentals, monthly rental programs and other vehicle-use solutions.
The company also operates in the used-vehicle market through the sale of vehicles removed from its rental fleet. Its services are supported by a broad network of rental locations, including facilities at airports and in urban areas, as well as digital channels for reservations and customer service.
Founded in 1973 and headquartered in Belo Horizonte, Brazil, Localiza expanded its operations across Latin America.
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