Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Expands By 1,871.4%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 13,800 shares, an increase of 1,871.4% from the November 30th total of 700 shares. Based on an average daily volume of 80,900 shares, the short-interest ratio is presently 0.2 days.

Localiza Rent a Car Stock Performance

Shares of LZRFY stock traded up $0.10 on Thursday, reaching $5.37. 117,083 shares of the company’s stock traded hands, compared to its average volume of 36,900. Localiza Rent a Car has a 12-month low of $4.48 and a 12-month high of $13.80. The business’s 50 day moving average price is $6.71 and its two-hundred day moving average price is $7.53.

Localiza Rent a Car Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, December 23rd will be paid a $0.0582 dividend. The ex-dividend date of this dividend is Monday, December 23rd. Localiza Rent a Car’s dividend payout ratio 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.