Hertz is trading 13.44% up now at $2.40 after investors continued responding to its August 6 earnings beat.
- Reported a narrower-than-expected adjusted loss, $2.40 billion in revenue, and $81 million in adjusted EBITDA; pricing metrics improved.
- Heavy short interest and unusually large trading volume appear to be amplifying the rally through continued short covering.
- The broader market is mixed, so the move is primarily company-driven rather than macro-led.