5 Most-Shorted Stocks Reddit’s WallStreetBets Is Paying Attention To

In this article, we discuss the 5 most-shorted stocks Reddit’s WallStreetBets is paying attention to. If you want to read our detailed analysis of these stocks, go directly to the 10 Most-Shorted Stocks Reddit’s WallStreetBets Is Paying Attention To.

5. Clover Health Investments, Corp. (NASDAQ: CLOV)

Number of Hedge Fund Holders: 23     

Float Shorted: 26.7% 

Clover Health Investments, Corp. (NASDAQ: CLOV) is a health insurer. It is ranked fifth on our list of 10 most-shorted stocks Reddit’s WallStreetBets is paying attention to. Although Reddit interest in the firm had been waning in May, the increase in short interest on the stock in the past month has increased the interest of retail investors in the stock, with mentions increasing slowly over the past four weeks. The firm has a market cap of over $3.2 billion and posted more than $690 million in revenue last year. 

Clover Health Investments, Corp. (NASDAQ: CLOV) has soared upon mentions on forums like WalStreetBets and StockTwits, registering rallies of 36% and 19% on June 8 and June 9 respectively. However, JPMorgan and Bank of America have downgraded the stock recently. 

Out of the hedge funds being tracked by Insider Monkey, San Francisco-based investment firm Greenoaks Capital is a leading shareholder in Clover Health Investments, Corp. (NASDAQ: CLOV) with 96.3 million shares worth more than $728 million.