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

Posted on April 21, 2026
By International Business Times
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1 min read

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

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.