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Hurricane damage drives hopes for Avis, Hertz, but beware the short-sellers in back seat

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Published Thu, Sep 21, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

New York

SHARES of US car-rental companies Avis Budget Group Inc and Hertz Global Holdings Inc have driven out of the ditch in recent weeks, aided in part by storms that devastated the southern United States.

But sceptics remain, including large positions held by short-sellers in both stocks, amid doubts about fundamental aspects of the car-rental business.

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