15 Most Crowded Hedge Fund Stocks That Are Targeted by Short Sellers

11. Expand Energy Corporation (NASDAQ:EXE)

Number of Hedge Fund Holders: 71

Short Interest:  3.54%

Expand Energy Corporation is an independent natural gas production company in the United States. It acquires, explores, and develops properties to produce natural gas, oil, and natural gas liquids.

Regardless of the increase in crude oil prices, short sellers raised their bets against oil and gas stocks. Amidst this industry-wide trend, EXE itself has a short interest of 3.54%. Despite this bearish sentiment, the firm received an upgrade last month.

KeyBanc recently upgraded EXE from Sector Weight to Overweight with a price target of $130. Analyst Tim Rezvan highlighted that the company is well-positioned to grow with its investment-grade rating and stable natural gas outlook.

Expand Energy reaffirmed its fiscal 2025 guidance. Management anticipates production to be 7.2 billion cubic feet equivalent per day by the end of 2025. To boost productive capacity for 2026, the company plans to invest $300 million. Aided by increasing data center and LNG demand, the firm anticipates stable natural gas prices. It also reiterates flexibility to change its plans based on market conditions.