5 EV Stocks Popular on Reddit

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In this article, we discuss the 5 EV stocks popular on Reddit. If you want to read our detailed analysis of these stocks, go directly to the 10 EV Stocks Popular on Reddit.

5. Workhorse Group Inc. (NASDAQ:WKHS)

Number of Hedge Fund Holders: 13    

Workhorse Group Inc. (NASDAQ:WKHS) makes and sells battery electric vehicles and aircraft. The company has a market cap of $1 billion and posted $1.3 million in revenue last year. The short interest on the stock is over 33%. The firm even missed market estimates on earnings for the third quarter despite a change in higher management that saw a new CEO take charge and promise rapid recovery. 

Reports of a government probe into Workhorse Group Inc. (NASDAQ:WKHS) has also hit the stock. The continued interest of Redditors in the firm suggests that it might be a short-squeeze play like the GameStop and AMC Entertainment saga. 

At the end of the second quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $60 million in Workhorse Group Inc. (NASDAQ: WKHS), down from 16 in the preceding quarter worth $96 million.

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