Avis Budget Group just pulled off something that shouldn’t be possible.
A company buried under $25B in debt just went vertical —
+600% in a month, smashing all-time highs at $608.80 after a +23% single-day surge.
Read that again.
Now here’s where reality starts to glitch:
Two hedge funds — SRS Investment Management and Pentwater Capital Management — quietly control 71% of the shares.
But it gets crazier.
Once you include their cash-settled equity swaps, their effective exposure goes over 100% of the entire float.
Yes — more claims than actual shares in existence.
Meanwhile, the company itself?
– Burned $995M
– Crushed under massive debt
– Fundamentals deteriorating for months
And the market said: doesn’t matter.
Because this was never about fundamentals.
This was a structural failure.
A market where:
– There are no shares left to borrow
– The float is completely locked
– Shorts are trapped with zero exits
That’s not investing anymore.
That’s supply shock physics.
What happens next?
A short squeeze with no ceiling.
So a struggling rental car company didn’t 6x because it got better…
It 6x’d because the system ran out of shares before it ran out of buyers.
@TigerStars @TigerPM @Daily_Discussion @TigerObserver @MillionaireTiger
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