Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Declines By 12.3%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 32,100 shares, a decrease of 12.3% from the January 31st total of 36,600 shares. Based on an average daily volume of 101,400 shares, the short-interest ratio is presently 0.3 days.

Localiza Rent a Car Stock Performance

Localiza Rent a Car stock opened at $4.91 on Friday. The firm has a 50-day moving average of $5.21 and a 200-day moving average of $6.45. Localiza Rent a Car has a one year low of $4.48 and a one year high of $12.65.

Localiza Rent a Car Cuts Dividend

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