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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 70 shares, a decline of 99.5% from the July 15th total of 13,203 shares. Based on an average trading volume of 44,442 shares, the days-to-cover ratio is currently 0.0 days.

Localiza Rent a Car Stock Performance

OTCMKTS:LZRFY opened at $6.70 on Thursday. The firm has a 50 day moving average of $7.61 and a 200 day moving average of $8.78. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.23 and a quick ratio of 1.23. Localiza Rent a Car has a 52 week low of $5.98 and a 52 week high of $11.76.

Localiza Rent a Car (OTCMKTS:LZRFY) last released its earnings results on Thursday, May 21st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.37 billion. Localiza Rent a Car had a return on equity of 9.08% and a net margin of 5.24%. As a group, research analysts predict that Localiza Rent a Car will post 0.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded 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, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.