5 Best High Short Interest Stocks With Highest Upside Potential

In this article, we will list the 5 Best High Short Interest Stocks With Highest Upside Potential. Please visit 12 Best High Short Interest Stocks With Highest Upside Potential to see the extended list and the methodology behind it.

5. Icahn Enterprises L.P. (NASDAQ:IEP)

Average Upside Potential: 60.75%

Icahn Enterprises L.P. (NASDAQ:IEP) is one of the best high short interest stocks with highest upside potential. On May 6, Icahn Enterprises reported its Q1 2026 financial results, with an Indicative Net Asset Value of ~$3.4 billion, reflecting a $201 million increase since the end of 2025. This growth was largely driven by a $605 million gain in the company’s CVI position, which helped offset losses from refining hedges and corporate interest expenses.

Icahn Enterprises L.P. (NASDAQ:IEP) posted revenues of $2.2 billion for the quarter, though it recorded a GAAP net loss of $459 million, or $0.71 per depositary unit. Management noted that this GAAP figure excludes significant unrealized gains in CVI and does not account for $447 million in anticipated future value from energy-related crack spread swaps.

Additionally, the Board declared a quarterly distribution of $0.50 per depositary unit, payable on June 25. Unitholders have the option to receive this distribution in cash or additional units, with an automatic default to units if no timely election is made.

Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified holding company with businesses in several industries. It operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceuticals.