5 Best High Short Interest Stocks to Buy Now

3. Beam Global (NASDAQ: BEEM)

Number of Hedge Fund Holders: 7
Float Shorted: 37.6% 

Beam Global (NASDAQ: BEEM) is a company that makes and sells products used in the development of electric vehicle charging infrastructure. The firm is based in California and markets renewable solutions. It is ranked third on our list of 10 best high short interest stocks to buy now. The company’s shares have returned 117% to investors over the past twelve months. On June 24, the firm announced that it would showcase the products it is working on for military and civilian use at the 2021 Electric Mobility Symposium. 

On June 22, the share price of Beam Global (NASDAQ: BEEM) jumped close to 3% after the firm announced that it had been added to the Russell 2000 Index. The inclusion is likely to help the firm become more visible to investors. 

At the end of the first quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $17 million in Beam Global (NASDAQ: BEEM), down from 10 in the previous quarter worth $33 million.