Hertz stock jumps 131% on ackmans risky bet, as tariffs expected to increase value of cars

A number of investors have taken positions against car rental giant Hertz Global, but notable activist investor Bill Ackman recently disclosed a 19.8% ownership stake in the company, as reported by a recent regulatory filing from his firm Pershing Square Capital. As of April 15, approximately 40% of Hertzs shares have been sold short, indicating a significant level of skepticism among investors