5 Best High Short Interest Stocks to Buy Now

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In this article, we discuss the 5 best high short interest stocks to buy now. If you want to read about some more high short interest stocks, go directly to 10 Best High Short Interest Stocks to Buy Now.

5. SmileDirectClub, Inc. (NASDAQ:SDC)

Number of Hedge Fund Holders: 9  

Short Interest as of November 14: 21.19%  

SmileDirectClub, Inc. (NASDAQ:SDC) operates as an oral care firm. It is one of the most shorted stocks to consider investing in. The company posted earnings for the second quarter of 2022 on August 8, reporting losses per share of $0.17, missing market estimates by $0.02. The revenue over the period was $126 million, down more than 26% compared to the revenue over the same period last year and missing market estimates by $15.8 million. The firm said it expected full year revenue of up to $500 million versus estimates of more than $600 million. 

At the end of the second quarter of 2022, 13 hedge funds in the database of Insider Monkey held stakes worth $10 million in SmileDirectClub, Inc. (NASDAQ:SDC), compared to 18 in the preceding quarter worth $27 million. However, just 9 funds reported having stakes in the company at the end of the September quarter.

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