Stock of the day: Zipcar Inc.

The IPO of the global car sharing and car club company, Zipcar Inc (NASDAQ:ZIP), on 14^th April was very well received by the markets. The stock rose by 67% on its first trade.  Zipcar currently operates in 14 cities, 12 in the Unites States and also Vancouver and London. Its fleet stands at around 8,000 cars, and its membership at 560,000, according to Reuters. Whilst the car-sharing market is in its infancy and shows  much future potential, investor sentiment towards Zipcar is already beginning to show signs of a split opinion. Since floatation short interest has been building up and currently stands at 3.5% of the total shares outstanding on loan. This represents 60% of the lendable supply out on loan. Meanwhile, the share price continues to  rise with a 7.3% increase over the past week.