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Story summary
- Avis Budget Group's stock surged nearly 445% over the past month to $550 as shorts covered.
- More than 54% of the stock's float is sold short, creating a volatile trading environment.
- Avis Budget Group plans an At-the-Market offering (ATM) that could generate over $2 billion.
- Analysts note a gap between the stock price and the $106 consensus target.
- Debt and net losses raise questions about sustainability amid speculative trading.
