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.
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.
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.
2. Allied Healthcare Products, Inc. (NASDAQ: AHPI)
Number of Hedge Fund Holders: N/A
Float Shorted: 52.6%
Allied Healthcare Products, Inc. (NASDAQ: AHPI) stock has offered investors returns exceeding 67% over the course of the past six months. It is placed second on our list of 10 best high short interest stocks to buy now. The firm is headquartered in Missouri and sells respiratory products used by healthcare companies. Some of the products it sells include aluminum oxygen cylinders, oxygen regulators, pneumatic nebulizers, and portable suction equipment, among other disposable products.
The share price of Allied Healthcare Products, Inc. (NASDAQ: AHPI) has been surging ever since the US government released new recommendations on the use of masks in public spaces and revealed that the Delta variant of the virus was as contagious as chickenpox.
Out of the hedge funds being tracked by Insider Monkey, Chicago-based firm Citadel Investment Group is a leading shareholder in Allied Healthcare Products, Inc. (NASDAQ: AHPI) with 44,400 shares worth more than $210,000.
1. SCWorx Corp. (NASDAQ: WORX)
Number of Hedge Fund Holders: N/A
Float Shorted: 57.6%
SCWorx Corp. (NASDAQ: WORX) is ranked first on our list of 10 best high short interest stocks to buy now. The company’s shares have offered investors returns exceeding 70% over the course of the past six months. The firm markets software solutions for healthcare providers and is based in New York. Some of the services the firm offers include big data analytics, contract management, automation solutions, and data integration and warehousing. The company also sells personal protective equipment used by health workers in the fight against COVID-19.
On June 2, the share price of SCWorx Corp. (NASDAQ: WORX) jumped close to 11% after the firm announced that it had regained compliance with the listing requirements with the NASDAQ and also promoted Tim Hannibal to the CEO of the firm.
SCWorx Corp. (NASDAQ: WORX) is one of the most popular stocks on internet platform Reddit and the share price of the firm has a month-to-date return of over 50%. The resurgence of the coronavirus is also likely to give the firm a boost as it sells COVID-19 testing kits.
You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.
