Pentwater Capital Management LP, Avis Budget Group Inc.'s second-largest shareholder, increased its stake in the car rental company prior to a significant stock rout. This move places the hedge fund at the center of the Avis short squeeze narrative.
Pentwater Capital Boosted Avis Stake Ahead of Stock Rout
Hedge FundsShort SqueezeInstitutional InvestorsStock PerformanceAutomotive Sector

