5 Most Shorted Stocks in 2022

4. Warby Parker Inc. (NASDAQ:WRBY)

Number of Hedge Fund Holders: 20

Warby Parker Inc. (NASDAQ:WRBY) is a consumer discretionary company offering eyewear products. The company offers eye exams and vision tests as well.

An Overweight rating was placed on Warby Parker Inc. (NASDAQ:WRBY) shares on July 22, by analyst Edward Yruma at Piper Sandler. The analyst also placed a $20 price target on the stock.

Warby Parker Inc.’s (NASDAQ:WRBY) short interest stood at 72.8% as of this September. The company’s share short value was $250.7 million.

Warby Parker Inc. (NASDAQ:WRBY) was found among the 13F holdings of 20 hedge funds in the second quarter, and 18 hedge funds in the previous quarter. Their total stake values were $400 million and $1.2 billion, respectively.

Baron Funds, an asset management firm, mentioned Warby Parker Inc. (NASDAQ:WRBY) in its second quarter 2022 investor letter. Here’s what it said:

“Health care related company Warby Parker Inc. (NYSE:WRBY) is responsible for about a quarter of the relative shortfall in the period. Shares of eyewear brand Warby Parker were down for the period held due to difficult market conditions for newly public companies as well as weaker-than-expected quarterly results owing to heightened COVID-related disruptions early in the year.”