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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 32,688 shares, a drop of 41.2% from the May 31st total of 55,609 shares. Based on an average daily trading volume, of 84,535 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Localiza Rent a Car from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Localiza Rent a Car presently has an average rating of “Strong Buy”.

Localiza Rent a Car Stock Down 1.8%

Shares of LZRFY stock opened at $7.20 on Wednesday. Localiza Rent a Car has a one year low of $5.98 and a one year high of $11.76. The stock has a fifty day moving average price of $8.70 and a 200 day moving average price of $9.02.

Localiza Rent a Car (OTCMKTS:LZRFY) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion.

Localiza Rent a Car Company Profile

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.