5 Most Shorted Stocks in September

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In this article, we discuss the 5 most shorted stocks to watch in September. If you want to read our analysis on short selling, go directly to the 10 Most Shorted Stocks in September.

5. MicroStrategy Incorporated (NASDAQ:MSTR)

Number of Hedge Fund Holders: 18

Float Shorted: 39.68%

MicroStrategy Incorporated (NASDAQ:MSTR) is a Tysons, Virginia-based provider of business intelligence and analytics, cloud-based services, and mobile software. The company has the distinction of being the biggest corporate holder of Bitcoin, with ownership of over 130,000 Bitcoins.

At the current market price of around $30,000 per Bitcoin, the company’s stake is valued at over $2.47 billion as of September 2022. It should be noted that MicroStrategy Incorporated (NASDAQ:MSTR) is deep in the red in terms of its Bitcoin holdings, as it invested nearly $4 billion to buy 130,000 Bitcoins with an average purchase price of over $30,300 per Bitcoin.

The share price of MicroStrategy Incorporated (NASDAQ:MSTR) has also come under pressure after the Attorney General’s Office for the District of Columbia filed a civil complaint against the company and CEO Michael J. Saylor. The State AG claims that Mr. Saylor has been evading income taxes despite residing in the District of Columbia for the past decade.

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