As Avis Soars In A Historic Squeeze, Who's Next: Here Are The Most Shorted Stocks

Not many traders of the "current generation" recall the insanity that was the Volkswagen short squeeze which, for a few brief hours, made the German automaker the largest company in the world back in 2008 when, as a result of internal collusion among the biggest holders, there were not enough shares in the float to cover all the shorts sparking a mad short covering dash. For most, the meme stonk frenzy of early 2021 when both GameStop and AMC exploded higher, was the closest they would get to reliving those glory days. 

But courtesy of troubled rental car company Avis, which has been a revenue-declining, cash-incinerating machine without one quarter of positive free cash flow in years...