Avis Budget Group stock surges over 600% in a month amid short squeeze risk
Avis Budget Group (CAR) stock surged 18% on Tuesday, continuing a monthly gain of over 600% as short squeeze risk remains high. The short interest in Avis is at 25% of shares outstanding, indicating a potential short squeeze. Deutsche Bank analyst Chris Woronka noted that two investors, SRS and Pentwater, control a significant portion of Avis shares, increasing the risk of further price increases.
Tickers: $CAR
Topics: Avis Budget Group market volatility short squeeze stock price movement