5 Popular Penny Stocks on Robinhood

4. Takung Art Co., Ltd. (NYSE:TKAT)

Stock Price as of June 10: $2.040

Number of Hedge Fund Holders: 1

Takung Art Co., Ltd. (NYSE:TKAT) is a Hong Kong-based provider of an online trading platform for art collectors and investors in calligraphies, jewelry, paintings, and precious gems. Takung Art Co., Ltd. (NYSE:TKAT) is making its space in the booming Asian art industry and connecting artists with potential buyers.

Takung Art Co., Ltd. (NYSE:TKAT) is diversifying further as it launched a non-fungible tokens (NFTs) website on April 29. The website would permit art collectors and investors to trade and discover exclusive digital art items stored on the blockchain. Within a week of its launch, the website had 60 products listed and added 107 new registered users, which resulted in 40 transactions. This reflects that Takung Art Co., Ltd. (NYSE:TKAT) has a promising platform that could achieve sustainable growth if marketed efficiently.

As of Q1 2022, 1 hedge fund held a stake in Takung Art Co., Ltd. (NYSE:TKAT).