$CAR (Avis) this is a great explanation of what happened in this short squeeze.The best part is it is still going on.SRS Investment Management owns just under 50% of the company. Pentwater Capital exercised a massive options block in late March, building a 22% stake and yanking millions of shares out of the float overnight.That left short interest at over 100% of the publicly available float as of March 31. Shorts had to buy back stock they borrowed from a float that basically no longer existed.
4:18
$CAR (Avis) this is a great explanation of what happened in t…
509.8K views1 week ago
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