Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Drops By 87.2%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 4,100 shares, a decrease of 87.2% from the February 13th total of 32,100 shares. Based on an average daily trading volume, of 91,600 shares, the short-interest ratio is presently 0.0 days.

Localiza Rent a Car Price Performance

Shares of LZRFY stock traded up $0.14 during trading hours on Wednesday, reaching $5.25. The company had a trading volume of 50,026 shares, compared to its average volume of 74,818. Localiza Rent a Car has a twelve month low of $4.48 and a twelve month high of $12.65. The stock’s fifty day simple moving average is $5.20 and its 200 day simple moving average is $6.38.

Localiza Rent a Car Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, December 23rd were given a $0.0582 dividend. The ex-dividend date was Monday, December 23rd. Localiza Rent a Car’s dividend payout ratio (DPR) is 13.86%.

About Localiza Rent a Car

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.