Avis Budget Group Faces Share Decline Amid Fugazi Research Report on Short Squeeze Allegations
Avis Budget Group Inc (CAR) shares fell sharply after Fugazi Research accused two hedge funds of creating a manufactured short squeeze, inflating the stock's value. The report claims the company's fundamentals are weak, with extreme debt and negative equity, raising concerns about its financial health.
Tickers: $CAR
Topics: financial distress hedge fund activity market manipulation short squeeze stock price drop