Short Sellers Squeezed Hard as Avis Shares Rocket 150%
An airport shuttle departs an Avis rental location near LaGuardia Airport (LGA) in the Queens borough of New York.
Photographer: Bing Guan/BloombergA highly shorted stock. A shrinking pool of shares available to trade. A price that keeps climbing.
They’re the classic signs of a painful short squeeze, and they’ve rapidly come into view for Avis Budget Group Inc.