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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 32,688 shares, a decline of 41.2% from the May 31st total of 55,609 shares. Based on an average daily volume of 84,535 shares, the short-interest ratio is currently 0.4 days.

Localiza Rent a Car Stock Performance

Shares of Localiza Rent a Car stock opened at $7.20 on Wednesday. Localiza Rent a Car has a 1 year low of $5.98 and a 1 year high of $11.76. The company’s fifty day simple moving average is $8.70 and its 200-day simple moving average is $9.02.

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

Analysts Set New Price Targets

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

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.