A lot of people got knocked out yesterday as the “convenient” news of Ackman selling hit the tape second before $HTZ broke $3…
You can see they returned and loaded back up on short shares but price is up 3% early today with 1.9M shares left.
Nest pic is open options between today and next Friday (8/21). That’s a lot. A lot of large blocks (tens of thousands at a time) were bought on Wednesday making me think large buyers. Borrow rate still 16 which ain’t low.
TLDR: I don’t think the squeeze is over or has started. Today will be telling. Buy the dip. I ain’t hear no bell, snitches