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

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 17,500 shares, an increase of 326.8% from the February 28th total of 4,100 shares. Based on an average daily trading volume, of 111,200 shares, the days-to-cover ratio is currently 0.2 days.

Localiza Rent a Car Trading Up 5.3 %

Shares of OTCMKTS:LZRFY opened at $6.13 on Friday. Localiza Rent a Car has a fifty-two week low of $4.48 and a fifty-two week high of $12.65. The company’s 50-day moving average price is $5.36 and its 200 day moving average price is $6.24.

Localiza Rent a Car Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.0596 per share. This is a positive change from Localiza Rent a Car’s previous dividend of $0.06. The ex-dividend date is Thursday, April 3rd. Localiza Rent a Car’s dividend payout ratio (DPR) 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.