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0.00562500000000009 -0.00301912568306016 -0.0181898907103824 -0.0634972677595629 -0.0246311475409836 -0.0246311475409836 -0.0246311475409836 -0.0246311475409836
Stock impact report

Avis Budget: Shorts Are Running Out Of Options [Seeking Alpha]

Avis Budget Group, Inc. (CAR) 
Last avis budget group, inc. earnings: 2/19 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.avisbudgetgroup.com
Company Research Source: Seeking Alpha
Two hedge funds, SRS and Pentwater, accumulated over 100% economic interest via shares and swaps, locking up 82% of CAR's float. Short interest exceeded available float, triggering a gamma squeeze as dealers and shorts scrambled to cover, further fueling the rally. Despite macro tailwinds, CAR now trades purely on market structure, not fundamentals; at $600+, neither long nor short is sensible. Rick_Jo/iStock via Getty Images Avis Budget ( CAR ) closed at $608 on April 20th up about 500% in five weeks. I am writing this because what is happening with this stock right now is, in my opinion, the most fascinating event in Show less Read more
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