Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Short Interest Update

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 15,034 shares, a drop of 54.0% from the June 15th total of 32,688 shares. Based on an average daily volume of 64,639 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Localiza Rent a Car from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Localiza Rent a Car Price Performance

LZRFY traded down $0.05 during trading on Thursday, hitting $7.90. 3,832 shares of the company traded hands, compared to its average volume of 40,162. The stock’s fifty day moving average is $8.22 and its 200 day moving average is $8.95. Localiza Rent a Car has a one year low of $5.98 and a one year high of $11.76.

Localiza Rent a Car (OTCMKTS:LZRFY) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion.

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.