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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 2,063 shares, a decrease of 92.0% from the October 15th total of 25,896 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 149,362 shares, the short-interest ratio is currently 0.0 days.

Localiza Rent a Car Price Performance

Localiza Rent a Car stock traded down $0.23 during midday trading on Thursday, hitting $5.13. 42,070 shares of the company’s stock were exchanged, compared to its average volume of 46,517. Localiza Rent a Car has a 52-week low of $4.95 and a 52-week high of $11.76. The stock has a 50-day moving average price of $7.84 and a two-hundred day moving average price of $8.39. 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 company has a market cap of $5.44 billion and a P/E ratio of 8.56.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Localiza Rent a Car from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Localiza Rent a Car Company Profile

Localiza Rent a Car S.A. is a Brazil-based mobility company that provides vehicle rental and transportation-related services through the Localiza brand. Its core business includes short-term car rentals for individual, business, and leisure customers, supported by a broad network of rental locations serving major airports, cities, and travel destinations. The company also operates in fleet management and long-term vehicle rentals, providing vehicles and related services to corporate customers. Through Localiza Seminovos, it sells previously rented vehicles and other used cars.