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 our detailed analysis of these stocks, go directly to the 10 Best High Short Interest Stocks to Buy Now.

5. PubMatic, Inc. (NASDAQ: PUBM)

Number of Hedge Fund Holders: 5
Float Shorted: 36.6% 

PubMatic, Inc. (NASDAQ: PUBM) is a California-based company that markets cloud infrastructure solutions. It is ranked fifth on our list of 10 best high short interest stocks to buy now. The company’s shares have returned 10% to investors over the past six months. In earnings results for the first quarter, posted on May 13, the firm reported earnings per share of $0.09, beating market predictions by $0.09. The revenue over the period was more than $43 million, up 54% year-on-year and beating estimates by more than $4 million. 

On June 10, investment advisory Evercore upgraded PubMatic, Inc. (NASDAQ: PUBM) stock to Outperform from In Line with a price target of $40, citing greater conviction for revenue estimates for the firm as the reason behind the ratings update. 

At the end of the first quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $63 million in PubMatic, Inc. (NASDAQ: PUBM), down from 10 in the preceding quarter worth $59 million.


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