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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 400 shares, a decline of 20.0% from the August 15th total of 500 shares. Based on an average daily volume of 22,600 shares, the short-interest ratio is presently 0.0 days.

Localiza Rent a Car Stock Up 2.1 %

LZRFY opened at $7.65 on Friday. Localiza Rent a Car has a twelve month low of $6.79 and a twelve month high of $13.80. The company has a fifty day simple moving average of $8.00 and a 200 day simple moving average of $9.00.

Localiza Rent a Car Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, August 7th were paid a $0.0155 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a dividend yield of 3.63%. Localiza Rent a Car’s dividend payout ratio is 13.86%.

Localiza Rent a Car Company Profile

Localiza Rent a Car SA engages in car and fleet rental business. The company is also involved in granting franchises; sale of decommissioned and used cars; provision of sundry automotive, and travel and tourism services; and managing claims for insurance companies, as well as provision of tracking and telemetry services.