Hertz Global Holdings Inc (HTZ) is facing further short-seller pressure after its stock sank nearly 60% in less than two weeks, Bloomberg reported Monday.

More than 56% of Hertz's float had been borrowed by traders betting on further declines as of Thursday's close, the largest percentage since the company re-listed in 2021, according to S3 Partners data cited by Bloomberg.

Short interest rose from 44% before a June 24 selloff, adding 13.7 million shares worth $30 million since then, the report said.

Hertz shares fell 41% in a single day after announcing a stock issuance and convertible note offering alongside weak preliminary earnings, Bloomberg reported.