QUICK SPARK: Hertz Short Squeeze is On — Stock Rips After Earnings
A potential Hertze short squeeze spiked the car rental company's stock price after strong earnings, with short interest at 73.85% of float.
Hertz reported good earnings results, and traders betting against the stock had to buy it back, which pushed the price up fast. When lots of people bet a stock will fall but it rises instead, watch how long that quick jump lasts—it doesn't always mean the company got better.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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