Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Rises By 93.6%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 55,609 shares, an increase of 93.6% from the May 14th total of 28,729 shares. Based on an average trading volume of 48,182 shares, the short-interest ratio is currently 1.2 days.

Localiza Rent a Car Stock Up 4.3%

Shares of Localiza Rent a Car stock traded up $0.35 on Monday, reaching $8.42. 12,812 shares of the company traded hands, compared to its average volume of 41,651. Localiza Rent a Car has a 52 week low of $5.98 and a 52 week high of $11.76. The company has a 50 day moving average of $9.22 and a 200 day moving average of $9.09.

Localiza Rent a Car (OTCMKTS:LZRFY) last released its earnings results on Thursday, May 21st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.37 billion.

Wall Street Analysts Forecast Growth

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

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.