Avis Surge Crushes Short Sellers

Bloomberg
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Avis Surge Crushes Short Sellers
Bloomberg
Written by Bloomberg
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Avis shares tripled in two weeks, crushing short sellers with $2.5 billion in losses. But bears are doubling down short interest now near a decade high at 58%. Analysts question the rally's fundamentals, warning the surge looks like a short squeeze, not real growth. Bloomberg's Jordan Fitzgerald joined Bloomberg Open Interest with details.

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