15 Penny Stocks Poised To Explode According To Hedge Funds

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1. Zynga Inc (NASDAQ:ZNGA)

In Zynga Inc (NASDAQ:ZNGA), the number of funds long the stock advanced by 13 to 38 during the second quarter. Collectively those funds held $694.30 million worth of stock at the end of June, which represented 22.20% of the float. Zynga Inc (NASDAQ:ZNGA)’s stock slid into the penny-stock territory pretty much right after the IPO, but the company may be gaining momentum. The company’s mobile revenue has been growing and currently represents 86% of the total and its gross margin of over 69% is the highest in the last five quarters.

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