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Barchart
Barchart
Yiannis Zourmpanos

Hertz Stock Is Soaring After Expanding an Autonomous Vehicle Partnership with Uber. A Short Squeeze Could Take It Even Higher.

Hertz Uber Stock short squeeze autonomous vehicle HTZ Hertz Global Holdings

Suddenly, Hertz Global Holdings' (HTZ) stock seems very interesting following a big partnership agreement with Uber Technologies (UBER). Hertz Global will provide its fleet management services for both the autonomous robotaxi and driver-led ride-hailing fleets offered through Uber's platform.

This development alone would not necessarily warrant a discussion on the matter. However, given that the current percentage of HTZ's outstanding shares sold short exceeds 20%, we should consider a short squeeze potential. This stock, in particular, tends to make outsized moves due to its high beta.

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