Avis Budget shares touch record high as short squeeze hammers bearish bets

Avis Budget shares surged to a record high, fueled by a significant short squeeze. High short interest, exacerbated by major holders like SRS Investment Management and Pentwater Capital Management, forced short sellers to cover their positions. This rally has resulted in substantial losses for those betting against the car-rental company.

from Markets-Economic Times https://ift.tt/85T31BA
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