Plot twist: Carl Icahn and others start shorting $HTZ soon… https://t.co/zW5l8mz00o
*HERTZ LOOKS TO RAISE MORE DEBT TO BOOST CASH ON BALANCE SHEET they can't even do a simple ATM offering to take advantage of the squeeze https://t.co/bqUZAdjbFz
I'm curious what impact $htz might have too on these short sellers. I recall lots of squeezes in random high short shitcos during $gme and $amc squeezes
Hertz Global Holdings Inc. (HTZ) experienced a notable surge in its stock price, doubling ahead of an at-the-market (ATM) offering intended to raise additional capital. Market activity suggests that Pershing's desk aggressively purchased HTZ shares after hours, potentially to pressure short sellers and facilitate the company's capital raise, reminiscent of strategies used during Hertz's bankruptcy period. Speculation has arisen about investor Bill Ackman's possible involvement in the stock's movements. Despite the price rally, Hertz is reportedly seeking to increase its debt to strengthen its cash position, indicating challenges in leveraging the ATM offering alone. Additionally, some market participants anticipate that prominent investors like Carl Icahn may soon initiate short positions against HTZ.
