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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 54,500 shares, a growth of 294.9% from the December 15th total of 13,800 shares. Based on an average daily volume of 138,900 shares, the short-interest ratio is currently 0.4 days.

Localiza Rent a Car Stock Down 6.6 %

Shares of OTCMKTS:LZRFY traded down $0.34 during trading on Monday, hitting $4.80. 85,546 shares of the company were exchanged, compared to its average volume of 126,621. The firm’s 50 day moving average price is $6.15 and its 200-day moving average price is $7.29. Localiza Rent a Car has a 12-month low of $4.48 and a 12-month high of $13.35.

Localiza Rent a Car Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, December 23rd will be given a $0.0582 dividend. The ex-dividend date is Monday, December 23rd. Localiza Rent a Car’s dividend payout ratio (DPR) is presently 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.