Avis Budget Group stock surges then falls after short squeeze

15 articles · Updated · Bloomberg · Apr 29

The stock peaked at $713.97 on April 21 before closing at $182 yesterday, following a sharp rally driven by short sellers covering positions.
Major shareholders SRS Investment Management and Pentwater Capital Management controlled about 69% of shares, or 108% including derivatives, while short interest reached nearly 49%.
The squeeze generated billions in paper profits for Avis and its top shareholders, though legal constraints limited their ability to sell during the surge.

Will Avis’s plan to issue new shares finally pop the bubble and end the squeeze?

With $25B in debt, is a crash landing inevitable for Avis after its market rollercoaster?

After losing $5 billion, are short sellers regrouping for another attack on Avis stock?

Was the Avis squeeze a Wall Street power play, not another retail investor rebellion?

Does the Avis case prove market rules are broken when two funds can control a stock?

What legal barriers stopped major shareholders from cashing in on billions at the stock’s peak?