Jul. 15 at 6:47 AM
$HTZ
I asked ChatGPT to analyze the latest Fintel data.
Based on the latest Fintel data, the short setup appears to be getting more aggressive.
Short interest increased from 54.4M shares to 95.5M shares.
Short interest as a percentage of float jumped from 42.13% to 74.00%.
Days to Cover increased from 2.16 to 4.26.
Shares available to short dropped from around 5.9M to about 3.9M.
Borrow fee increased from 0.64% to 0.86%.
If these figures are accurate, downside pressure from new short positions has increased, but so has the potential buying pressure if positive news forces shorts to cover. Definitely worth watching.
What do you think about this setup?