Bears Swarm Avis as SI Hits 93%

CAR Avis Budget surged to 93% SI this week. The rental giant jumped 6.5 points in just three days showing accelerated bear activity. Cost to borrow spiked to 8.4% while availability collapsed to 0.07% signaling extreme squeeze conditions. The stock soared 68% over three months echoing 2021 meme stock chaos per FT reporting.

TNGX Tango Therapeutics held 56% SI despite rocketing 120% quarterly. The $3.7B biotech defied shorts with ample availability at 134%. Bears maintained conviction as cost to borrow stayed under 1%. Analyst upside remained negative at -13%.

SOUN SoundHound battled 36% SI with borrowing costs exploding to 14%. The AI voice platform showed zero availability creating tight supply. The stock dropped 21% this quarter yet shorts held firm betting against the rally.

WOLF Wolfspeed climbed to 46% SI while shares jumped 74% in three months. The semiconductor maker faced skeptical bears despite momentum. HTZ Hertz stayed pinned at 50% SI with 14 days to cover showing limited exit liquidity.

HIMS Hims & Hers absorbed 36% SI with zero shares available. The telehealth platform gained 3% quarterly as bears dug in. Rental stocks dominated extreme short lists.