Short Interest in Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Drops By 20.0%

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 400 shares, a drop of 20.0% from the August 15th total of 500 shares. Based on an average daily trading volume, of 22,600 shares, the days-to-cover ratio is presently 0.0 days.

Localiza Rent a Car Stock Up 2.9 %

Localiza Rent a Car stock traded up $0.22 during midday trading on Tuesday, hitting $7.87. The stock had a trading volume of 3,437 shares, compared to its average volume of 41,297. The business has a fifty day moving average price of $7.98 and a 200 day moving average price of $8.97. Localiza Rent a Car has a 12 month low of $6.79 and a 12 month high of $13.80.

Localiza Rent a Car Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, August 7th were given a dividend of $0.0155 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a yield of 3.63%. Localiza Rent a Car’s dividend payout ratio (DPR) is 13.86%.

About Localiza Rent a Car

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.