Hedge Funds Think Only 1 Of These 3 Trending Stocks Is Worth Buying

Page 2 of 2

We’re not sure why Dex Media Inc (NASDAQ:DXM)‘s shares are rising, as it’s difficult to be optimistic about a company that just missed a debt payment. It could be just a dead cat bounce. Hedge funds were bearish on Dex Media Inc (NASDAQ:DXM) in the second quarter. A total of eight funds reported owning stakes worth $2.35 million as of June 30, versus 11 funds and $15.39 million respectively a quarter earlier. John Paulson‘s Paulson & Co owns 2.23 million shares worth $1.6 million at the end of June. Although Paulson owns many shares of the penny stock, the position makes up a miniscule percentage of his $21.69 billion public equity portfolio. 28% of Dex Media’s float is short.

Follow Thryv Holdings Inc. (NASDAQ:THRY)

Disclosure: None

Page 2 of 2