Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Short Interest Up 326.8% in March

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a significant increase in short interest in 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 volume of 111,200 shares, the days-to-cover ratio is currently 0.2 days.

Localiza Rent a Car Price Performance

OTCMKTS LZRFY traded down $0.14 during trading hours on Friday, hitting $5.82. The company’s stock had a trading volume of 27,583 shares, compared to its average volume of 66,922. Localiza Rent a Car has a 12 month low of $4.48 and a 12 month high of $12.65. The company’s 50 day simple moving average is $5.34 and its two-hundred day simple moving average is $6.25.

Localiza Rent a Car Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Thursday, April 3rd will be given a dividend of $0.0596 per share. This is an increase 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 is 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.