Avis Budget Group Stock Explodes 15% on Massive Short Squeeze Frenzy Amid Travel Demand

Source: International Business Times

Avis Budget Group Inc. shares continued their meteoric rise Tuesday, surging more than 15% in early trading to $700. 51 as one of the most intense short squeezes in recent memory showed no signs of easing, with short interest exceeding 50% of the float and hedge funds scrambling to cover positions.