5 Most Shorted Stocks That Are Loved By Analysts

4. Zynex, Inc. (NASDAQ:ZYXI)

Short Interest Percentage: 28.29%

Average Share Price Target: $24

Share Price Upside: 212%

Zynex, Inc. (NASDAQ:ZYXI) is a medical equipment manufacturer that provides products for pain management. The firm announced in August 2023 that one million patients are now using its devices, and it has also beaten analyst EPS estimates in all four of its latest quarters.

As of June 2023, ten out of the 910 hedge funds part of Insider Monkey’s research had held a stake in the firm. Out of these, Zynex, Inc. (NASDAQ:ZYXI)’s biggest shareholder is Israel Englander’s Millennium Management since it owns 445,664 shares that are worth $4.2 million.

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