Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Decreases By 71.9%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 19,323 shares, a decrease of 71.9% from the April 15th total of 68,814 shares. Based on an average trading volume of 174,938 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Localiza Rent a Car to a “hold” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Localiza Rent a Car Stock Performance

OTCMKTS LZRFY traded down $0.43 on Wednesday, reaching $9.10. The stock had a trading volume of 9,634 shares, compared to its average volume of 43,936. Localiza Rent a Car has a 1 year low of $5.98 and a 1 year high of $11.76. The business has a 50 day moving average price of $9.49 and a 200 day moving average price of $8.98.

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.