5 Penny Stocks Redditors are Buying in August

3. Atossa Therapeutics, Inc. (NASDAQ: ATOS)

Number of Hedge Fund Holders: 6  

Price as of August 12, 2021: $3.18 per share

Atossa Therapeutics, Inc. (NASDAQ: ATOS) is a Washington-based biopharmaceutical company that develops and sells medicines for infectious diseases. It is ranked third on our list of 10 penny stocks Redditors are buying in August. The company recently joined the Russell 2000 and Russell 3000 indexes, improving the visibility of the company to investors. The stock has been soaring amid lots of interest in the firm on internet platforms like Reddit. The share price has year-to-date gains of 234%. 

On July 7, Atossa Therapeutics, Inc. (NASDAQ: ATOS) revealed that it had been granted permission by regulatory authorities in Australia to begin a clinical study into a new therapy for moderately to severely ill patients of COVID-19. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Atossa Therapeutics, Inc. (NASDAQ: ATOS) with 3.3 million shares worth more than $6.9 million.