5 Most Shorted Stocks Right Now on Wall Street

4. The Beauty Health Company (NASDAQ:SKIN)

Number of Hedge Fund Holders: 24

Short % of Float (Jan 30, 2023): 40.92%

The Beauty Health Company (NASDAQ:SKIN) operates as a consumer products company and is involved in the development and distribution of skin care products and solutions across the globe. On February 16, Cowen analyst Oliver Chen lowered his price target on The Beauty Health Company (NASDAQ:SKIN) to $15 from $20 and maintained an Outperform rating on the shares.

The Beauty Health Company (NASDAQ:SKIN) is one of the most shorted stocks on Wall Street right now. As of January 30, the stock has a short interest of over 40.92%.

The Beauty Health Company (NASDAQ:SKIN) was a part of 24 investors’ portfolios at the end of the fourth quarter of 2022. These funds held collective stakes worth $149.2 million in the company. This is compared to 28 hedge funds in Q3 2022 with stakes worth $298.6 million. The hedge fund sentiment for the stock is negative.

As of December 31, Rima Senvest Management is the top stockholder in The Beauty Health Company (NASDAQ:SKIN) and has a stake worth $41.6 million in the company.

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