Hertz Global Holdings, Inc (NYSE:HTZ) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 24,671,327 shares, an increase of 18.8% from the April 28th total of 20,768,214 shares. Currently, 29.7% of the company’s shares are short sold. Based on an average trading volume of 8,335,366 shares, the days-to-cover ratio is currently 3.0 days.

A number of large investors have recently modified their holdings of the company. Point72 Europe London LLP acquired a new stake in shares of Hertz Global Holdings during the first quarter worth $956,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Hertz Global Holdings by 146.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock worth $174,000 after buying an additional 5,900 shares during the last quarter. Highbridge Capital Management LLC increased its stake in shares of Hertz Global Holdings by 160.7% in the first quarter. Highbridge Capital Management LLC now owns 103,539 shares of the transportation company’s stock worth $1,816,000 after buying an additional 63,830 shares during the last quarter. Saba Capital Management L.P. increased its stake in shares of Hertz Global Holdings by 446.8% in the first quarter. Saba Capital Management L.P. now owns 501,433 shares of the transportation company’s stock worth $8,795,000 after buying an additional 409,728 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Hertz Global Holdings by 4.6% in the first quarter. State Street Corp now owns 1,429,856 shares of the transportation company’s stock worth $25,083,000 after buying an additional 62,597 shares during the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.

Shares of Hertz Global Holdings (NYSE:HTZ) traded down 0.84% during trading on Friday, hitting $9.48. The company had a trading volume of 5,121,064 shares. The stock’s market capitalization is $793.58 million. The stock has a 50-day moving average of $13.77 and a 200 day moving average of $19.92. Hertz Global Holdings has a 12-month low of $9.15 and a 12-month high of $53.14.

Hertz Global Holdings (NYSE:HTZ) last issued its earnings results on Monday, May 8th. The transportation company reported ($1.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.00) by $0.61. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.79) EPS. On average, analysts predict that Hertz Global Holdings will post ($0.46) EPS for the current fiscal year.

A number of analysts have recently commented on HTZ shares. Credit Suisse Group AG cut Hertz Global Holdings from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $27.00 to $15.00 in a research note on Friday, February 17th. Zacks Investment Research cut Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, February 23rd. Barclays PLC reaffirmed an “equal weight” rating and issued a $23.00 price target (down from $31.00) on shares of Hertz Global Holdings in a research note on Friday, February 24th. Morgan Stanley lowered their price target on Hertz Global Holdings from $30.00 to $20.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 28th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $24.00 price target on shares of Hertz Global Holdings in a research note on Wednesday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.63.

WARNING: This piece of content was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/05/28/hertz-global-holdings-inc-htz-short-interest-update.html.

Hertz Global Holdings Company Profile

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.

12 Month Chart for NYSE:HTZ

Receive News & Stock Ratings for Hertz Global Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global Holdings Inc and related stocks with our FREE daily email newsletter.