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Stock impact report

Avis's 200% Surge Lures New Shorts Eyeing Trip ‘Back to Reality' [Yahoo! Finance]

Hertz Global Holdings, Inc (HTZ) 
Last hertz global holdings, inc earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.hertz.com
Company Research Source: Yahoo! Finance
But the bears are not giving up; if anything, they are doubling down. Short interest in the company as a percentage of its free float is currently at 58%, the highest in the last 10 years, according to S3 Partners data. Bearish wagers in the stock have steadily climbed even as a more than 200% spike in Avis shares in just 10 trading sessions through Tuesday squeezed those betting on a drop. Short investors clocked in nearly $2.5 billion in mark-to-market losses over that period. “Short sellers are actively shorting into CAR, looking for a pullback in this almost one-month rally,” said Ihor Dusaniwsky from S3 Partners. Short interest in the stock stood at 54% of free float on March 30, right before the rally took off. Avis stock fell as much as 19% Wednesday before paring some of the losses to trade down 8.5% by 2 p.m. in New York. The stock is poised to snap its longest winning streak since 2019. Avis peer Hertz Global Holdings Inc., whose shares jumped 56% between March 31 an Show less Read more
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