Hertz Bears Push Short Interest to Record After 60% Stock Plunge on Dilution, Used-Car Weakness
- Short interest in Hertz Global Holdings has climbed to a record, with more than 56% of the float now sold short, Bloomberg reported, following a roughly 60% slide in the share price. >- The selloff was triggered by a soft preliminary Q2 print flagging 'unexpected softness in the used-car market' and a stock-and-note capital raise that stoked dilution fears. >- Hertz joins a small club of U.S. companies with majority-short float, putting the rental-car giant firmly on the squeeze-versus-value debate for active short sellers.