Hertz Global Holdings, Inc (HTZ) Short Interest Up 13.9% in June

Hertz Global Holdings, Inc (NYSE:HTZ) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 34,548,931 shares, an increase of 13.9% from the June 15th total of 30,339,099 shares. Based on an average daily trading volume, of 10,360,917 shares, the days-to-cover ratio is currently 3.3 days. Currently, 41.6% of the shares of the company are short sold.

Shares of Hertz Global Holdings (HTZ) opened at 16.68 on Friday. The company’s market capitalization is $1.40 billion. Hertz Global Holdings has a 1-year low of $8.52 and a 1-year high of $53.14. The firm’s 50 day moving average price is $11.27 and its 200-day moving average price is $16.33.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings data on Monday, May 8th. The transportation company reported ($1.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by $0.61. Hertz Global Holdings had a negative return on equity of 1.86% and a negative net margin of 7.60%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business earned ($0.79) earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Analysts expect that Hertz Global Holdings will post ($0.57) EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in HTZ. Gamco Investors INC. ET AL boosted its position in shares of Hertz Global Holdings by 50.0% in the first quarter. Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company’s stock valued at $59,392,000 after buying an additional 1,127,957 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hertz Global Holdings by 106.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,351,144 shares of the transportation company’s stock valued at $41,239,000 after buying an additional 1,215,045 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Hertz Global Holdings by 18.4% in the first quarter. Gabelli Funds LLC now owns 2,031,000 shares of the transportation company’s stock valued at $35,624,000 after buying an additional 315,537 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Hertz Global Holdings during the first quarter valued at $31,572,000. Finally, Wells Fargo & Company MN boosted its position in shares of Hertz Global Holdings by 42.9% in the first quarter. Wells Fargo & Company MN now owns 1,529,906 shares of the transportation company’s stock valued at $26,834,000 after buying an additional 459,251 shares in the last quarter.

A number of equities research analysts have issued reports on HTZ shares. Zacks Investment Research upgraded Hertz Global Holdings from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. ValuEngine downgraded Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Deutsche Bank AG restated a “hold” rating and set a $16.00 price target on shares of Hertz Global Holdings in a research note on Tuesday, May 9th. Finally, MKM Partners restated a “buy” rating and set a $22.00 price target on shares of Hertz Global Holdings in a research note on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.71.

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About Hertz Global Holdings

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.

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