Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Stock Short Interest Report for September

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant growth in short interest during 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

LZRFY opened at $10.94 on Friday. Localiza Rent a Car has a 1-year low of $6.10 and a 1-year high of $11.76. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a 50-day moving average price of $7.51 and a two-hundred day moving average price of $8.23.

Analyst Ratings Changes

Separately, Zacks Research lowered Localiza Rent a Car from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, 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.