Car rental agency

Localiza Rent a Car SA (OTCMKTS:LZRFY) sees strong growth in short-term interest

Localiza Rent a Car SA (OTCMKTS:LZRFY – Get Rating) benefited from a significant increase in short-term interest during the month of May. As of May 15, there was short interest totaling 13,200 shares, an increase of 2,540.0% from the April 30 total of 500 shares. Based on an average trading volume of 31,200 shares, the short-term interest rate ratio is currently 0.4 days.

OTCMKTS LZRFY traded at $0.13 on Wednesday during trading, reaching $11.51. The company’s stock had a trading volume of 7,418 shares, compared to an average volume of 28,085. Localiza Rent a Car has a 12-month low of $7.85 and a 12-month high of $14.51. The company’s fifty-day moving average price is $11.67 and its 200-day moving average price is $10.61.

The company also recently declared a dividend, which will be paid on Tuesday, May 31. Shareholders of record on Monday, April 4 will receive a dividend of $0.0229 per share. This represents a dividend yield of 0.54%. This is a positive change from Localiza Rent a Car’s previous dividend of $0.02. The ex-dividend date is Friday, April 1.

Company Profile Localiza Rent a Car (Get a rating)

Localiza Rent a Car SA is engaged in car rental and franchise activities. The company is also involved in the sale of decommissioned cars; provision of car parking services; and car-related claims management for insurance companies. As of December 31, 2021, it operated a fleet of 273,233 cars and 620 car rental agencies in Brazil and internationally.

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