Hertz Global Holdings Inc June 15th Short Interest Update

Hertz Global Holdings Inc (NYSE:HTZ) has seen a shortfall of 3,580,623 shares or 9.2% in the short interest. The remaining shorts are 8.4% of the total floated shares. The net short interest, as on June 15,2016, stood at 35,463,066 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 8,527,841 shares. On May 31,2016, 39,043,689 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Hertz Global Holdings Inc (NYSE:HTZ): The stock opened at $11.16 on Friday but the bulls could not build on the opening and the stock topped out at $11.38 for the day. The stock traded down to $10.64 during the day, due to lack of any buying support eventually closed down at $10.73 with a loss of -9.53% for the day. The stock had closed at $11.86 on the previous day. The total traded volume was 14,692,271 shares.

The company shares have dropped -42.19% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $20.50 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.77 and the 200 Day Moving Average price is recorded at $10.22.

Hertz Global Holdings Inc (NYSE:HTZ) has climbed 1.9% in the past week and advanced 16.13% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.59% and the outperformance has advanced to 19.64% for the last 4 weeks period.

Hertz Global Holdings, Inc. is a holding company. The Company operates car rental business through its Hertz, Dollar, Thrifty and Firefly brands. The Companys operating segments are U.S. Car Rental, International Car Rental, Worldwide Equipment Rental and All Other Operations. As of December 31, 2014, the Company operated 10,880 corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand. Its brands maintain separate airport counters, reservations and reservation systems, marketing and all other customer contact activities. Its Hertz brand has approximately 9,395 corporate and franchisee locations in 145 countries. Its Dollar and Thrifty brands combined have approximately 1,380 corporate and franchisee locations in 77 countries and Firefly brand has approximately 105 corporate and franchisee locations in 12 countries. Its equipment rental business is operated through the Hertz Equipment Rental brand.

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