Hertz Global (HTZZ) Short Interest Ratio & Short Volume

Short interest is the volume of Hertz Global shares that have been sold short but have not yet been closed out or covered. As of October 29th, traders have sold 2,780,900 shares of HTZZ short. Learn More on Hertz Global's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. HTZZ shares currently have a short interest ratio of 1.0. Learn More on Hertz Global's short interest ratio.

Hertz Global saw a increase in short interest during the month of October. As of October 29th, there was short interest totaling 2,780,900 shares, an increase of 9.4% from the previous total of 2,542,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "transportation" compare to Hertz Global: Hertz Global Holdings, Inc (17.37%), Avis Budget Group, Inc. (10.30%), Ryder System, Inc. (1.00%), Golden Ocean Group Limited (3.19%), Hub Group, Inc. (1.77%), International Seaways, Inc. (2.25%), Golar LNG Limited (3.12%), Corporación América Airports S.A. (4.52%), Azul S.A. (1.10%), TORM plc (5.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($8.61 billion), Advanced Micro Devices, Inc. ($8.44 billion), Charter Communications, Inc. ($5.26 billion), Canadian Pacific Kansas City Limited ($5.13 billion), Wayfair Inc. ($4.34 billion), Uber Technologies, Inc. ($3.69 billion), Palo Alto Networks, Inc. ($3.35 billion), Teladoc Health, Inc. ($3.11 billion), eBay Inc. ($2.91 billion), and Etsy, Inc. ($2.63 billion). View all of the most shorted stocks.

Short selling HTZZ is an investing strategy that aims to generate trading profit from Hertz Global as its price is falling. HTZZ shares are trading up $0.34 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Hertz Global occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of HTZZ, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including HTZZ, twice per month. The most recent reporting period available is October, 29 2021.