Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Increases By 103.7%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 10,691 shares, an increase of 103.7% from the November 30th total of 5,249 shares. Based on an average trading volume of 31,076 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 31,076 shares, the days-to-cover ratio is currently 0.3 days.

Localiza Rent a Car Stock Down 8.5%

Shares of LZRFY opened at $9.15 on Monday. Localiza Rent a Car has a 12-month low of $4.50 and a 12-month high of $10.10. The business has a 50-day simple moving average of $8.13 and a two-hundred day simple moving average of $7.36.

Localiza Rent a Car Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, October 6th were issued a dividend of $0.0821 per share. This represents a yield of 353.0%. The ex-dividend date of this dividend was Friday, October 3rd. This is a positive change from Localiza Rent a Car’s previous dividend of $0.08. Localiza Rent a Car’s payout ratio is presently 13.86%.

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.