5 Best High Short Interest Stocks to Buy Now

3. Playtika Holding Corp. (NASDAQ:PLTK)

Number of Hedge Fund Holders: 31 

Short Interest as of November 14: 21.29%  

Playtika Holding Corp. (NASDAQ:PLTK) develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It is one of the most shorted stocks to consider investing in.  On August 29, Playtika noted the launch of its tender offer to purchase up to $600 million worth of shares of its common stock. The offer reaches up to just over 51.8 million shares of common stock for $11.58 each in cash.

On August 5, Cowen analyst Doug Creutz maintained an Outperform rating on Playtika Holding Corp. (NASDAQ:PLTK) stock and lowered the price target to $31 from $35, noting that the lowered estimates were in line with management’s new guidance, which appears reasonable given current market conditions.  

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Rima Senvest Management is a leading shareholder in Playtika Holding Corp. (NASDAQ:PLTK) with 6.6 million shares worth more than $86.8 million.