5 Best High Risk Stocks to Buy Right Now

4. Paysafe Limited (NYSE:PSFE)

Number of Hedge Fund Holders: 50  

52-Week Range: $06.90-$19.57

In August, Bank of America analyst Jason Kupferberg initiated coverage of Paysafe Limited (NYSE:PSFE) stock with a Buy rating and price target of $15, noting that the growth of the gaming market and the existing partnerships of the firm with gamers bode well for it in the next few months. Despite a healthy growth outlook, the short interest on the stock remains high at 5.81%. The company has been expanding into the online casino industry as well. 

Paysafe Limited (NYSE:PSFE) could be one of the firms that benefit from the shift towards online betting in recent months. According to a report by Eilers & Krejcik Gaming, a gaming research firm, online gaming revenue could rise to $40 billion in the next few years. 

At the end of the second quarter of 2021, 50 hedge funds in the database of Insider Monkey held stakes worth $1.1 billion in Paysafe Limited (NYSE:PSFE), up from 41 in the previous quarter worth $1.3 billion.