Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Declines By 71.9%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 19,323 shares, a drop of 71.9% from the April 15th total of 68,814 shares. Based on an average daily trading volume, of 174,938 shares, the short-interest ratio is presently 0.1 days.

Localiza Rent a Car Price Performance

Shares of OTCMKTS:LZRFY traded down $0.38 during midday trading on Friday, reaching $8.56. The company’s stock had a trading volume of 4,112 shares, compared to its average volume of 43,239. Localiza Rent a Car has a 1 year low of $5.98 and a 1 year high of $11.76. The business has a 50 day moving average price of $9.45 and a 200 day moving average price of $9.00.

Analyst Upgrades and Downgrades

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

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.