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 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 short-interest ratio is presently 0.2 days.

Localiza Rent a Car Price Performance

Shares of OTCMKTS:LZRFY traded down $0.14 during midday trading on Friday, reaching $5.82. 27,583 shares of the company were exchanged, compared to its average volume of 66,922. The business’s fifty day moving average is $5.34 and its two-hundred day moving average is $6.25. Localiza Rent a Car has a one year low of $4.48 and a one year high of $12.65.

Localiza Rent a Car Increases Dividend

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