Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Short Interest Up 700.0% in November

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 3,200 shares, an increase of 700.0% from the October 31st total of 400 shares. Based on an average daily volume of 26,800 shares, the short-interest ratio is presently 0.1 days.

Localiza Rent a Car Stock Performance

LZRFY traded down $0.98 during trading on Wednesday, hitting $7.02. 55,433 shares of the company traded hands, compared to its average volume of 35,566. The stock’s 50-day simple moving average is $7.53 and its two-hundred day simple moving average is $7.97. Localiza Rent a Car has a 1 year low of $6.79 and a 1 year high of $13.80.

Localiza Rent a Car Increases Dividend

The company also recently announced a dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, October 3rd were issued a $0.0619 dividend. The ex-dividend date was Thursday, October 3rd. This is a positive change from Localiza Rent a Car’s previous dividend of $0.02. Localiza Rent a Car’s dividend payout ratio (DPR) 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.