Avis Bears Push 93% SI

CAR Avis Budget topped short interest extremes at 92.7% of free float. The $8.1B rental car giant added 6.5 points in just three days showing fresh bear conviction. Cost to borrow climbed to 8.4% as availability collapsed to 0.07% signaling severe borrow scarcity.

FT reported investors nursed losses after a recent short squeeze echo. The stock soared over 400% in a 2021 meme-style frenzy before reversing. Bears piled back in betting the rally exhausted itself.

LOCL Local Bounti exploded 61 points weekly to 73.7% SI. The $56M indoor farming name saw the sharpest surge among tracked stocks. Cost to borrow hit 267% showing extreme pressure on short positions.

WOLF Wolfspeed absorbed fresh selling as SI jumped 6.2 points to 45.8% in three days. The $1.2B semiconductor maker faced persistent skepticism. KALV KalVista climbed to 71.6% adding 2.4 points as the $977M biotech drew renewed shorts.

FLWS 1-800-Flowers held 86.2% SI with 24 days to cover. The $140M specialty retailer remained stubbornly shorted despite availability at 83%.

Bears tripled down on transportation names as rental car volatility persisted.