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. (Source: Bloomberg)
Avis Surge Crushes Short Sellers
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,…
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