Localiza Rent a Car S.A. (OTCMKTS:LZRFY – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,676 shares, a decrease of 65.0% from the August 31st total of 4,789 shares. Based on an average daily trading volume, of 53,244 shares, the short-interest ratio is presently 0.0 days.
Localiza Rent a Car Price Performance
OTCMKTS LZRFY traded up $0.08 during trading on Friday, reaching $7.60. 90,442 shares of the company’s stock were exchanged, compared to its average volume of 28,020. The company has a 50 day moving average price of $7.07 and a two-hundred day moving average price of $8.17. Localiza Rent a Car has a 1 year low of $6.10 and a 1 year 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.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut shares of 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, Localiza Rent a Car presently has an average rating of “Sell”.
Localiza Rent a Car Company Profile
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.
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