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Hertz Global shows high short interest and up to 11.5 days to cover
MarketBeat Ratings says Hertz short interest ranges from about 30% to as high as 75%, and some platforms estimate 11.5 days to cover.
MarketBeat Ratings points to Hertz Global as a heavily shorted stock, noting that short interest can run from roughly 30% to as high as 75%, depending on the data source.
The outlet also highlights that days to cover is elevated, with some platforms reporting about 11.5 days, which indicates short sellers may face difficulty closing positions at normal trading volumes.
According to MarketBeat Ratings, a near term short squeeze setup may depend on an additional catalyst that draws in trading activity.
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MarketBeat Ratings2 Short-Squeeze Candidates Waiting for the Right Catalyst