Car rental rally: Hertz and Avis soar again as shorts get pressured

5 hours ago 1
Hertz rent a car

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Hertz Global Holdings (NASDAQ:HTZ) rallied 10.5% in Thursday afternoon trading, while Avis Budget Group (NASDAQ:CAR) gained 8.3%. Both stocks have ripped big year-to-date gains.

Deutsche Bank analyst Chris Woronka said an ongoing level of elevated short interest

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