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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 4,100 shares, a decline of 87.2% from the February 13th total of 32,100 shares. Based on an average daily volume of 91,600 shares, the short-interest ratio is currently 0.0 days.

Localiza Rent a Car Trading Up 2.7 %

Shares of OTCMKTS:LZRFY traded up $0.14 during trading on Thursday, hitting $5.25. 50,026 shares of the company’s stock traded hands, compared to its average volume of 74,818. Localiza Rent a Car has a 52 week low of $4.48 and a 52 week high of $12.65. The company has a 50-day moving average price of $5.19 and a 200-day moving average price of $6.37.

Localiza Rent a Car Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, December 23rd were given a $0.0582 dividend. The ex-dividend date was Monday, December 23rd. Localiza Rent a Car’s dividend payout ratio is presently 13.86%.

About Localiza Rent a Car

Localiza Rent a Car SA engages in car and fleet rental business. The company is also involved in granting franchises; sale of decommissioned and used cars; provision of sundry automotive, and travel and tourism services; and managing claims for insurance companies, as well as provision of tracking and telemetry services.