Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Short Interest Update

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 46,675 shares, a growth of 2,684.9% from the September 15th total of 1,676 shares. Based on an average trading volume of 74,447 shares, the short-interest ratio is presently 0.6 days.

Localiza Rent a Car Stock Performance

Shares of OTCMKTS LZRFY traded up $0.42 during midday trading on Friday, hitting $10.94. The stock had a trading volume of 19,678 shares, compared to its average volume of 42,729. The company’s 50-day simple moving average is $7.43 and its 200 day simple moving average is $8.21. Localiza Rent a Car has a fifty-two week low of $6.10 and a fifty-two week high of $11.76. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.48.

Analysts Set New Price Targets

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Localiza Rent a Car

Localiza Rent a Car SA is a Brazilian mobility company that provides vehicle rental and fleet-management services. Through the Localiza brand, it offers short-term car rentals for leisure and business travelers, as well as longer-term vehicle leasing and fleet outsourcing for corporate customers.

The company also operates in the used-vehicle market, selling vehicles removed from its rental and fleet-management operations through its used-car business. Its services are supported by a broad network of rental locations, including facilities at airports and in urban areas.

Founded in 1973 and headquartered in Belo Horizonte, Brazil, Localiza has expanded beyond its domestic market to serve customers in other Latin American countries.