Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Short Interest Up 4,687.1% in August

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 3,351 shares, an increase of 4,687.1% from the July 30th total of 70 shares. Based on an average daily trading volume, of 42,293 shares, the days-to-cover ratio is currently 0.1 days.

Localiza Rent a Car Price Performance

OTCMKTS LZRFY opened at $6.80 on Wednesday. Localiza Rent a Car has a 12 month low of $6.10 and a 12 month high of $11.76. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50 day moving average is $7.34 and its 200 day moving average is $8.60.

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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

About Localiza Rent a Car

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.