5 Best High Short Interest Stocks to Buy Now

4. Arcimoto, Inc. (NASDAQ: FUV)

Number of Hedge Fund Holders: 5
Float Shorted: 37.2% 

Arcimoto, Inc. (NASDAQ: FUV) is placed fourth on our list of 10 best high short interest stocks to buy now. The stock has returned 187% to investors over the past year. The firm is based in Oregon and makes and sells three-wheeled electric vehicles. On July 28, the firm debuted the first driverless FUV at the FUV and Friends Summer Showcase in Portland. The product is named Roadster and uses a new torque vectoring technology that will also be used on other vehicles being developed by the firm.

On July 22, Arcimoto, Inc. (NASDAQ: FUV) announced that it had launched a battery recycling program with Redivivus. The latter will provide the former with recycling technology and battery processing solutions to neutralize materials in cells and battery modules as part of the deal. 

At the end of the first quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $11 million in Arcimoto, Inc. (NASDAQ: FUV), the same as in the previous quarter worth $8 million.