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5 Most Shorted Stocks in 2024

This article presents an overview of the 5 Most Shorted Stocks in 2024. For a detailed overview of such stocks read our article, 12 Most Shorted Stocks in 2024.

5. Arbor Realty Trust Inc. (NYSE:ABR)

Float Shorted: 40.49%

New York-based REIT Arbor Realty Trust Inc. (NYSE:ABR) is one of the most shorted stocks in 2024. So far this year the stock is down 13%. However, in February, Arbor Realty Trust Inc. (NYSE:ABR) posted solid earnings beating estimates both on EPS and revenue. Its 13% dividend yield also makes it an attractive income play for many investors.

4. Children’s Place Inc (NASDAQ:PLCE)

Float Shorted: 57.10%

New Jersey-based apparel company Children’s Place Inc (NASDAQ:PLCE) is down 63% year to date through April 8.

In February, the stock jumped after Children’s Place Inc (NASDAQ:PLCE) secured a $78.6 million interest-free financing from its majority shareholder Mithaq Capital.

Choice Equities made the following comment about The Children’s Place, Inc. (NASDAQ:PLCE) in its Q3 2023 investor letter:

“Other core holdings continue to trade at attractive valuations. The Children’s Place, Inc. (NASDAQ:PLCE) looks set to generate nearly half its market cap in cash this year and is trading at a mid-20s free cash flow yield on sustainable cash flow levels.”

3. Imperial Petroleum Inc (NASDAQ:IMPP)

Float Shorted: 64.94%

Greece-based energy company Imperial Petroleum Inc (NASDAQ:IMPP) is one of the most shorted stocks in 2024. However, short sellers are taking it on the chin here since the stock is up 34% year to date.

As of the end of the fourth quarter of 2023, five hedge funds tracked by Insider Monkey had stakes in Imperial Petroleum Inc (NASDAQ:IMPP).

2. B Riley Financial Inc (NASDAQ:RILY)

Float Shorted: 76.28%

B Riley Financial Inc (NASDAQ:RILY) is in the news since it’s been facing delays filing its 10-K.  B Riley Financial Inc (NASDAQ:RILY) shares jumped after B Riley Financial Inc (NASDAQ:RILY) said it reached an agreement with its lenders to extend the deadline for delivering its 2023 audited financial statements.

White Brook Capital stated the following regarding B. Riley Financial, Inc. (NASDAQ:RILY) in its fourth quarter 2023 investor letter:

“Finally, we continue to hold B. Riley Financial, Inc. (NASDAQ:RILY). B. Riley was a significant detractor from performance during 2023 as short-selling arguments were very publicly made throughout the year. The first short selling thesis questioned their deposit quality (they don’t take deposits) and the wisdom of their investment book (they’ve mostly worked out very well). They’ve more recently moved to allegations of fraud, questioning the veracity of Riley’s financial statements and the integrity of people the Firm has done business with without evidence that the company itself has committed wrongdoing. While I used to short stocks for a living, and there are short sellers I believe do great work and warrant a sell first, ask questions later philosophy, I believe this group’s analysis is mistaken and, in some cases, confused. I assign a low probability to the short sellers’ best arguments becoming true. However, even if they are, given the current share price, I believe the shares would still represent a compelling opportunity over time. Today, given the price of its publicly traded equity and debt, very high returns can be achieved by the company just by shrinking its principal investment business by letting outstanding loans to customers mature and paying down debt or buying back stock with the proceeds. They can win by doing nothing. Additionally, their base capital markets business, where they take minimal risk, is entering a period of enhanced potential opportunity as hundreds of billions of dollars of debt in Russell 2000 companies becomes due, providing Riley’s investment bank the opportunity to help companies arrange mergers and acquisitions or place equity, and firms trade. I like the risk-reward in RILY shares and look forward to a return measured in multiples of its current value.”

1. SunPower Corporation (NASDAQ:SPWR)

Float Shorted: 83.05%

Solar technology company SunPower Corporation (NASDAQ:SPWR) is one of the most shorted stocks in 2024, with about 80% of its float shorted. On April 5, Citi analysts gave a Sell rating for SunPower Corporation (NASDAQ:SPWR).

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the 15 Best Least Shorted Stocks to Buy Now and the Insiders Are Buying These 11 Penny Stocks.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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