Hertz Stock Plummets, Sparking Record Short Interest Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: stocktwits
- Surge in Short Interest: Hertz's short interest has surged to an all-time high, with over 56% of its float borrowed, indicating strong bearish sentiment among investors anticipating further declines, reflecting a pessimistic outlook on the company's future performance.
- Reasons for Stock Plunge: The stock plummeted nearly 60% in less than 14 days, primarily due to a disappointing preliminary second-quarter earnings report, a capital-raising push, and a bond offering, which severely undermined investor confidence.
- Impact of Profit Warning: Hertz lowered its second-quarter earnings forecast to between $50 million and $80 million, citing unexpected weakness in the used car market, which exacerbated concerns about its financial health and led to a record 41% drop in stock price in a single day.
- Retail Sentiment Contrast: Despite the significant stock decline, retail sentiment on Stocktwits remained 'bullish', with message volumes surging over 1,600%, highlighting a stark contrast between market expectations for Hertz's rebound and the harsh realities of its current situation.
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Analyst Views on HTZ
Wall Street analysts forecast HTZ stock price to rise
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 2.120
Low
3.00
Averages
4.83
High
6.00
Current: 2.120
Low
3.00
Averages
4.83
High
6.00
About HTZ
Hertz Global Holdings, Inc. is a car rental and mobility solutions provider. The Company's subsidiaries and licensees operate the Hertz, Dollar, Thrifty and Firefly vehicle rental brands with more than 11,000 rental locations in 160 countries around the globe, as well as the Hertz Car Sales brand, which offers a range of used cars for sale online and at locations across the United States, and the Hertz 24/7 car sharing business in Europe. The Company's segments include Americas RAC and International RAC. Its Americas RAC segment includes rental of vehicles, as well as sales of vehicles and value-added services, in the United States, Canada, Latin America and the Caribbean. The Company's International RAC segment includes rental of vehicles, as well as sales of vehicles and value-added services, in locations other than the United States, Canada, Latin America and the Caribbean. The Company has franchisees and partners that operate rental locations under its brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Surge in Short Interest: Hertz's short interest has surged to an all-time high, with over 56% of its float borrowed, indicating strong bearish sentiment among investors anticipating further declines, reflecting a pessimistic outlook on the company's future performance.
- Reasons for Stock Plunge: The stock plummeted nearly 60% in less than 14 days, primarily due to a disappointing preliminary second-quarter earnings report, a capital-raising push, and a bond offering, which severely undermined investor confidence.
- Impact of Profit Warning: Hertz lowered its second-quarter earnings forecast to between $50 million and $80 million, citing unexpected weakness in the used car market, which exacerbated concerns about its financial health and led to a record 41% drop in stock price in a single day.
- Retail Sentiment Contrast: Despite the significant stock decline, retail sentiment on Stocktwits remained 'bullish', with message volumes surging over 1,600%, highlighting a stark contrast between market expectations for Hertz's rebound and the harsh realities of its current situation.
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- Hertz Stock Decline: Hertz's stock fell to a five-year low of $2.02 due to investor concerns over the company's financial outlook and fleet management issues following its $100 million equity offering and $350 million debt sale aimed at improving liquidity, leading to diminished investor confidence.
- O'Reilly Acquisition Concerns: O'Reilly Automotive's stock dropped to a 52-week low of $82.71 as investors reassessed the potential impact of a reported $10 billion acquisition of Genuine Parts' automotive business, raising concerns about financing and future debt levels that could affect the company's ongoing share repurchase program.
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See More
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- Surge in Short Interest: Hertz's short interest has surged to an all-time high, with over 56% of its float borrowed, indicating strong bearish sentiment among investors anticipating further declines, reflecting a pessimistic outlook on the company's future performance.
- Reasons for Stock Plunge: The stock plummeted nearly 60% in less than 14 days, primarily due to a disappointing preliminary second-quarter earnings report, a capital-raising push, and a bond offering, which severely undermined investor confidence.
- Impact of Profit Warning: Hertz lowered its second-quarter earnings forecast to between $50 million and $80 million, citing unexpected weakness in the used car market, which exacerbated concerns about its financial health and led to a record 41% drop in stock price in a single day.
- Retail Sentiment Contrast: Despite the significant stock decline, retail sentiment on Stocktwits remained 'bullish', with message volumes surging over 1,600%, highlighting a stark contrast between market expectations for Hertz's rebound and the harsh realities of its current situation.
See More
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- AT&T Stock Fluctuations: AT&T's stock hit a 52-week low of $19.89 on Thursday but slightly recovered to close up about 0.49%, yet the stock fell over 9% last week due to concerns over SpaceX's direct-to-consumer mobile expansion, indicating market apprehension towards traditional telecom companies.
- Mattel's Poor Performance: Mattel's stock fell to a 52-week low of $13.17 on Thursday, marking three consecutive weeks of decline primarily due to weak first-quarter sales growth, with a 3% drop in North America despite strong international performance, while gross margins declined and operating losses widened to $103 million, reflecting a challenging consumer environment.
- Hertz Facing Depreciation Pressures: Hertz's stock dropped to a 52-week low of $2.09 amid concerns over rising vehicle depreciation costs and weakness in the used car market, with the company lowering its second-quarter earnings forecast to between $50 million and $80 million, raising worries about its financial health.
- Market Sentiment Shift: All three companies experienced stock declines over the past week, with retail sentiment for AT&T and Hertz shifting from 'extremely bullish' to 'bullish', while Mattel's sentiment dropped from 'neutral' to 'bearish', reflecting investor caution regarding future performance.
See More
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- Securities Fraud Investigation: Pomerantz LLP is investigating whether Hertz Global Holdings and its executives have engaged in securities fraud or other unlawful business practices, which could lead to significant losses for investors.
- Bond Offering Plan: Hertz announced that its wholly-owned subsidiary intends to offer $300 million in aggregate principal amount of Exchangeable Senior First-Lien Secured PIK Notes, with proceeds aimed at general corporate purposes, including debt repayment.
- Stock Price Plunge: Following the bond offering announcement, Hertz's stock price fell by $2.06, or 40.71%, closing at $3.00 per share on June 24, 2026, indicating market concerns regarding the company's financial health.
- Potential Legal Consequences: The investigation may lead to class action lawsuits against Hertz, and if wrongdoing is confirmed, it could have profound implications for the company's reputation and future financing capabilities.
See More
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- HTZ Price Decline Reasons: Hertz Global Holdings Inc. (HTZ) saw its stock price fall 1.5% to a 52-week low of $2.14 after analysts cut the price target to $3.50, citing rising vehicle depreciation costs and weakness in the used-car market, highlighting the financial pressures the company faces.
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- Market Sentiment Shifts: Retail sentiment for SOC and COSM shifted from neutral to 'extremely bullish' over the past 24 hours, while HTZ sentiment also turned 'extremely bullish', despite SOC's over 73% decline this year, indicating divergent investor views on these companies' future performance.
See More
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- Weak Financial Guidance: The company forecasts Q3 earnings per share between $2.65 and $2.77, below the consensus estimate of $2.98, reflecting management's cautious outlook on future profitability, which may further impact investor confidence.
- Hertz Price Target Downgrade: Morgan Stanley lowered Hertz's price target from $5 to $3.50 while maintaining an 'Equal Weight' rating, with EBITDA forecasts for 2026 and 2027 cut by 40% and 17% respectively, indicating concerns over the company's future earnings potential.
- Farmmi Completes Financing: Farmmi completed a $3 million share offering priced at $0.25 per share, representing a 79% discount to the previous closing price, with the offering constituting 86.5% of the company's total outstanding shares, highlighting the market's acute awareness of its financing needs.
See More
