Localiza Rent a Car S.A. (OTCMKTS:LZRFY – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 25,896 shares, a drop of 44.5% from the September 30th total of 46,675 shares. Based on an average daily trading volume, of 66,719 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.
Localiza Rent a Car Stock Performance
Shares of Localiza Rent a Car stock traded down $0.22 during trading hours on Friday, reaching $5.22. 56,176 shares of the stock traded hands, compared to its average volume of 55,369. Localiza Rent a Car has a one year low of $5.09 and a one year high of $11.76. The firm has a market capitalization of $5.53 billion and a price-to-earnings ratio of 8.70. 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 company has a 50 day moving average price of $8.07 and a 200 day moving average price of $8.51.
Analysts Set New Price Targets
Separately, Zacks Research raised Localiza Rent a Car from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Localiza Rent a Car currently has a consensus rating of “Hold”.
View Our Latest Analysis on LZRFY
About Localiza Rent a Car
Localiza Rent a Car SA is a Brazilian mobility company that provides vehicle rental and fleet-management services. Its business serves individual customers, corporate clients and transportation partners through short-term rentals, monthly rental programs and other vehicle-use solutions.
The company also operates in the used-vehicle market through the sale of vehicles removed from its rental fleet. Its services are supported by a broad network of rental locations, including facilities at airports and in urban areas, as well as digital channels for reservations and customer service.
Founded in 1973 and headquartered in Belo Horizonte, Brazil, Localiza expanded its operations across Latin America.
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