Avis Budget Group Incorporated (NASDAQ:CAR) Short Interest Increased By 7.56%

The stock of Avis Budget Group Incorporated (NASDAQ:CAR) registered an increase of 7.56% in short interest. CAR’s total short interest was 16.08M shares in April as published by FINRA. Its up 7.56% from 14.95 million shares, reported previously. With 2.60 million shares average volume, it will take short sellers 6 days to cover their CAR’s short positions. The short interest to Avis Budget Group Incorporated’s float is 25.03%. The stock increased 0.08% or $0.02 during the last trading session, hitting $25.1. About 1.43M shares traded hands. Avis Budget Group Inc. (NASDAQ:CAR) has declined 43.16% since August 28, 2015 and is downtrending. It has underperformed by 45.99% the S&P500.

Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The company has a market cap of $2.36 billion. The Firm operates three brands, which include Avis, Budget and Zipcar. It has 8.44 P/E ratio. Avis is a rental car supplier and Budget is a rental vehicle supplier.

The institutional sentiment decreased to 0.79 in 2015 Q3. Its down 0.24, from 1.03 in 2015Q2. The ratio dived, as 62 funds sold all Avis Budget Group Inc. shares owned while 77 reduced positions. 30 funds bought stakes while 80 increased positions. They now own 121.10 million shares or 9.57% more from 110.51 million shares in 2015Q2.

Srs Investment Management Llc holds 13.76% of its portfolio in Avis Budget Group Inc. for 9.50 million shares. Marcato Capital Management Lp owns 5.72 million shares or 12.53% of their US portfolio. Moreover, Tiger Veda Management Llc has 8.93% invested in the company for 342,778 shares. The California-based Mountain Lake Investment Management Llc has invested 7.79% in the stock. T2 Partners Management Lp, a New York-based fund reported 73,491 shares.

Out of 10 analysts covering Avis Budget (NASDAQ:CAR), 5 rate it “Buy”, 1 “Sell”, while 3 “Hold”. This means 56% are positive. Avis Budget was the topic in 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc.

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