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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 70 shares, a decrease of 99.5% from the July 15th total of 13,203 shares. Based on an average trading volume of 44,442 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Localiza Rent a Car Price Performance

Shares of OTCMKTS LZRFY opened at $6.66 on Wednesday. Localiza Rent a Car has a fifty-two week low of $5.98 and a fifty-two week high of $11.76. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average of $7.65 and a 200-day moving average of $8.79.

Localiza Rent a Car (OTCMKTS:LZRFY) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Localiza Rent a Car had a return on equity of 9.08% and a net margin of 5.24%.The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.37 billion. Sell-side analysts forecast that Localiza Rent a Car will post 0.8 EPS for the current fiscal year.

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.