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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY – Get Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 47,200 shares, a growth of 11,700.0% from the April 30th total of 400 shares. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is presently 2.8 days.

Localiza Rent a Car Stock Down 0.2 %

OTCMKTS LZRFY opened at $12.62 on Friday. Localiza Rent a Car has a 1-year low of $9.11 and a 1-year high of $14.65. The firm’s fifty day simple moving average is $11.23 and its 200-day simple moving average is $10.99.

Localiza Rent a Car Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 24th were issued a $0.009 dividend. This represents a yield of 1.81%. The ex-dividend date was Friday, April 21st. Localiza Rent a Car’s dividend payout ratio is presently 13.86%.

About Localiza Rent a Car

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Localiza Rent A Car SA engages in the car rental, fleet rental, and franchising business. It operates through the following segments: Car Rental, Fleet Rental, and Franchising. The Car Rental segment refers to car rentals in locations located inside and outside airports and for insurance stipulation and management of car claims for insurance companies.