Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Stock Short Interest Climbs 2,684.9%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 46,675 shares, an increase of 2,684.9% from the September 15th total of 1,676 shares. Based on an average daily volume of 74,447 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Localiza Rent a Car from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Localiza Rent a Car Trading Up 4.0%

Shares of LZRFY traded up $0.42 during midday trading on Friday, reaching $10.94. 19,678 shares of the stock were exchanged, compared to its average volume of 42,729. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.48. The stock’s 50 day simple moving average is $7.43 and its 200 day simple moving average is $8.21. Localiza Rent a Car has a twelve month low of $6.10 and a twelve month high of $11.76.

About Localiza Rent a Car

Localiza Rent a Car SA is a Brazilian mobility company that provides vehicle rental and fleet-management services. Through the Localiza brand, it offers short-term car rentals for leisure and business travelers, as well as longer-term vehicle leasing and fleet outsourcing for corporate customers.

The company also operates in the used-vehicle market, selling vehicles removed from its rental and fleet-management operations through its used-car business. Its services are supported by a broad network of rental locations, including facilities at airports and in urban areas.

Founded in 1973 and headquartered in Belo Horizonte, Brazil, Localiza has expanded beyond its domestic market to serve customers in other Latin American countries.