5 Penny Stocks to Buy in December

In this article, we discuss the 5 penny stocks to buy in December. If you want to read our detailed analysis of these stocks, go directly to the 10 Penny Stocks to Buy in December. 

5. Daré Bioscience, Inc. (NASDAQ:DARE)

Number of Hedge Fund Holders: 3 

Daré Bioscience, Inc. (NASDAQ:DARE) is a clinical-stage biopharma firm focusing on products related to the health of women. On December 7, the share price of the firm climbed by over 30% after it was granted FDA approval for XACIATO, a treatment for bacterial vaginosis in women.

In September, Daré Bioscience, Inc. (NASDAQ:DARE) had revealed that it had received a grant of $300,000 from the National Institute of Health to support the development of DARE-LARC1, a long-acting reversible contraceptive.

Among the hedge funds being tracked by Insider Monkey, New York-based firm Renaissance Technologies a leading shareholder in Daré Bioscience, Inc. (NASDAQ:DARE) with 324,030 shares worth more than $541,000.