Hertz Global Holdings (NASDAQ:HTZ) is surging after earnings as heavy short interest and retail chatter fuel a potential short squeeze in the stock — shares are up roughly 50% over the past two days, with 73.85% of the float sold short based on Benzinga Pro data.
The car rental stock is also Friday's top trending ticker on WallStreetBets, per Swaggy Stocks.
Short Interest Drives Squeeze Potential Traders have been targeting names like Avis Budget Group (NASDAQ:CAR) and Lucid Group (NASDAQ:LCID), which are also seeing significant short interest.
Avis Budget, for example, has short interest well above 50% of its float, drawing attention from squeeze-chasing traders.
Read Also: The Trade Desk Stock Collapses 80% in 1 Year This clustering of short sellers in travel and auto sectors, including Hertz, suggests skepticism around demand strength and capital needs.
