Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Short Interest Up 70.6% in October

Localiza Rent a Car S.A. (OTCMKTS:LZRFYGet Rating) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 14,500 shares, an increase of 70.6% from the October 15th total of 8,500 shares. Based on an average daily trading volume, of 34,600 shares, the short-interest ratio is presently 0.4 days.

Localiza Rent a Car Trading Up 0.8 %

Shares of LZRFY opened at $12.04 on Monday. Localiza Rent a Car has a 52-week low of $8.31 and a 52-week high of $14.65. The company has a 50-day simple moving average of $12.53 and a 200-day simple moving average of $11.50.

Localiza Rent a Car Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 14th. Investors of record on Monday, November 7th will be paid a $0.0095 dividend. This represents a yield of 1.29%. The ex-dividend date of this dividend is Friday, November 4th.

Analyst Ratings Changes

LZRFY has been the subject of several recent analyst reports. UBS Group cut shares of Localiza Rent a Car from a “buy” rating to a “neutral” rating in a research note on Friday, August 26th. JPMorgan Chase & Co. raised Localiza Rent a Car from a “neutral” rating to an “overweight” rating in a report on Tuesday, August 30th.

Localiza Rent a Car Company Profile

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Localiza Rent a Car SA engages in car rental and franchising activities. The company is also involved in selling decommissioned cars; providing car parking services; and managing car-related claims for insurance companies. As of December 31, 2021, it operated a fleet of 273,233 cars, and 620 car rental agencies in Brazil and internationally.

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